has management gone off an acquisition, page-28

Remember that net cash is only about 330M. That does not buy much.

While there is a good pipeline of profitable developments within your own portfolio, then keeping the cash and using the cashflow to develop those assets is always better business.

An acquisition only adds value occasionally. (Look at Fosters for poor acquisitions).

A better strategy may be to get the share price up and use script for a t/o or merge again with another entity.

Remember also that OZL has a 46% stake in TORO energy that is planning on mining Uranium in 2012. That may be the energy stock that everyone talks about.

I think that OZL has enough on its plate with PH commissioning and Matabe being developed.

HT1