CDU is a classic, i have never seen an exploration company buyback shares, its nonsensical. One might think Wyane McCrae is a step ahead of the game, but he was buying back company shares when the stock was trading in the 4 to 5 dollar range prior to the very underwhelming resource upgrade.
HT, in response to your earlier post, aside from Ankata, all of the projects are either exploration or early stage feasibility studies and will not require any substantial CapEx for the next five or so years. I think there is room for 1 more shorter term project. TB has publically stated that OZL are still in the hunt for acquisitions following the Big C deal.
OZL Price at posting:
$12.37 Sentiment: LT Buy Disclosure: Held
