NEW ZEALAND

Cue chairman rallies troops

WHILE New Zealand Oil and Gas is breathing down his neck, having crept up to just under its targeted 30% holding in its hostile takeover, Cue Energy Resources chairman Geoffrey King has written to shareholders urging them not to take what he considers a lowball offer.

Haydn Black

Cue's target statement includes a valuation from Grant Samuel and Associates arguing that just 10c per share is below the bottom end of its valuation range for Cue shares. Grant Samuel indicated in its...

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