OZL need to get down to fundamentals - buying into cash strapped coy's with low risk, high potential, at this time BEFORE too much recovery occurs, makes sense.
However, some ppl consider that OZL should not risk their cash on anything other than PH and their other projects, to which I say LYC is hardly a risky business:
*the project was already well advanced when halted *the costs to complete the project are very well defined *works completion/production would be under a 18 months(?) *LYC have all the approvals required *LYC have contracts locked in for the REE's it can dig up *the value of REE's will probably rise with time, not fall *there are other valuable commodities possible from Mt. Weld *LYC now own all mineral rights to Mt. Weld
In short, where is the risk?
The only issue is whether or not the majority of LYC SH would welcome an approach by OZL and whether OZL SH's would approve of this purchase/investment.
OZL Price at posting:
$11.00 Sentiment: Buy Disclosure: Not Held
