Ann: Quarterly Report for the Three Months ended , page-14

re: Ann: Quarterly Report for the Three Month... HT

I agree with your thoughts.

With the POC looking stable above 3.00 lb any aquisition of an advanced project will require a nice premium as you mention.

I am not sure that shareholders would support this move due to bad memories of past acquisitions albiet by the old OZL.

Probably a better strategy is to continue to focus on their exploration in the Gawlor Craton around PH, Cambodia and maintaining and building targeted equity investments, and MOU's with explorers.

I agree they should maintain a fair degree of cash reserves to move fast if the opportunity arises and to keep the balance sheet strong but can't see how they can continue in lieu of the cash surpluses PH is providing without returning some equity in the near future.

Possibily a dividend would be more appropriate and sustainable. It would help to enfore in investors minds that OZL is a new co. acting responsibly and with shareholders best intersets at heart.

3c per share would still leave 90% of their cash intact.