I am really sorry to lose Sepon, and that gold mine in Indonesia, but everything else - probably not.
Century is nearing the end of it's mine life. Golden Grove was small. Rosebery - same deal.
By getting rid of them, we actually got rid of a whole lot of Tier 3 assets (Tier 2 for Century and Sepon) and kept the jewel in the crown; a Tier 2 asset that is very close to Tier 1.
I do not often think about it.
HT1
OZL Price at posting:
$17.80 Sentiment: Hold Disclosure: Held