romania copper privatisation, page-51

I think OZL did all the due diligence necessary on this one and knew the risks and the capital required to get it up to scratch, which is why it walked away.

"We were not prepared to overpay for the asset in the auction process... We will continue this discipline to acquisitions in order to ensure that whatever we do adds value for our shareholders"

Well said Dasa.

HT1.

Notice that PNA and SFR went up stronger than OZL today? I wonder if this is some traders having a bet that OZL would bid for one of these. If they did, it is a high risk strategy for them....