dividend, page-32

Another thumbs up. Good post.

CFE are traders in mines in my estimation and are using the cash from the Cape Lambert iron ore sale to good advantage. The share price reflects the worries that a lot of investors have with Sage and his methods and that is why I suggest the copper and phosphate assets of CUO are available at the right price. Some of the marginal investments of CUO and CFE would need to be sold off.

I'm with you in that any resource business should have a good cash balance to carry them through hard times. A good example is MCR who have had the cash to carry them through the low metal price period. I would hate OZL to spend up big and if they do then I'm out of OZL.( I hold MCR)

At this stage I have trouble which sentiment to click for OZL and I vary from hold to long term buy.