oz minerals in no hurry to spend money, page-7

I've sent the new CEO a mail suggesting they look at making LYC an offer either as a complete take over with a buy out or by taking a majority holding.

My reasons were as follows;.

!. It is within the OZL budget.
2. It is available at a reasonable price.
3. It is currently subject to a Chinese majority takeover offer.
4. It will be a highly profitable business with Rare earths being a product of the future.
5. Lynas has one of the largest and best deposits outside of China.
6. The plant is well under way as far as planning is concerned and construction has commenced but is held up because funding was withdrawn.( I suggest the reasons for funding withdrawl are suspect)
7.The management of Lynas can not approach another potential buyer or partner because of the conditions of the Chinese offer.
8.The mining of rare earths would give OZL an alternative income source to copper and spread the risk of profitable operations.

I have an interest in both companies and believe there is a great future for both.