nicholas 123, with $750M in cash the only Way OZL is going into...

nicholas 123, with $750M in cash the only Way OZL is going into debt is if they do a big M&A deal.

Then it wont be a 1 mine company anymore and the risk from being a 1 operational mine company will be mitigated.

If OZL did a nice M&A deal with someone that used up all of the cash at once that would be surprising. I expect a merger or JV is more likely than a plain cash purchase so that these funds can be employed to move projects along without the need for major debt.

If OZL do a nice M&A deal I dont expect it will fall on that news. If they dont do a deal they still have the cash. Below $4 I'm inclined to buy - but every resource stock I own is in the toilet right now and I have fired my spare cash cannons on the way down already.

I am forced to be a patient long term investor in these circumstances.....