Mark,
Agree with all your sentiments and are as frustrated as you are with this issue.
Normally BHP and RIO do all their transactions in USD, so if we did buy NorthParkes at a reasonable price, then it would be paid for in USD. That does still not detract from the fact that if the money had been transferred here, then backl again we would still be ahead.
The only other thing is that shipping and processing of the ore from P Hill is paid in USD, so potentially OZL is using the USD cash for USD payments and keeping all the AUS cash from P Hill in AUS.
Even so, it is not the best outcome.
HT1
- Forums
- ASX - By Stock
- OZL
- oz $ v us$
oz $ v us$, page-2
-
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online