OZL 0.00% $26.44 oz minerals limited

what happens if there is another slippage , page-4

  1. 817 Posts.
    When Burgess should have grabbed all of SFR in the initial

    raid at $3.87 our one mine status is now coming to the fore

    I have always said that if there was a terminal event at

    PH we would pay dearly for it.

    To mop up all of SFR would have cost us around $400 mill

    extra.

    So what do our pathetic leaders do.

    They give that money back to shareholders as a capital

    return- 12c a share ($390mill.)Then they waste $233 mill

    on dividends. Then they blow $200 mill on a disatrous

    share buy back.

    Then to rub salt into our already gaping wounds they

    institute a calamatous 10 for 1 consolidation which puts

    our shareprice into dark unknown territory at $18.

    We would not be 43cents today, for sure.($4.30)

    Every thing the "Guru" Burgess has done has destroyed

    shareholder wealth. Now to top it off copper inventories

    are skyrocketing and cu and au prices are falling.

    Talk about a perfect storm.

    Terry Burgess started at OZL on the 1st August 2009.

    Since that day our shareprice has nosedived.

    Maybe he started on 1st of April and this whole sorry

    episode is just a huge April fools joke.
 
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