I did not hear the webcast on the qtly report, but I did print off the AFR summary of it. Here are some salient excerpts.
"Mr Loveday said it was too early to talk about how the money would be spent, but some of it would be used to expand P Hill, and to explore their Gold play in Cambodia"
"We think there is the likelihood of some bolt-on, smaller type acquisitions, Mr Loveday said"
"Whether or not the company tries to undertake any substantial acquisiations in the future, it will do so, if it does, on a prudent basis, he said"
"We could have underground production from P Hill starting to come through during 2013, he said"
"We have now done a reasonable amount of work there (Cambodia) and I think it is fair to say we have done enough work now to believe that there may well be a gold system there that is of interest to OZL, Mr Loveday said"
HT1
OZL Price at posting:
$10.15 Sentiment: LT Buy Disclosure: Held
