After reviewing the two proposals. As a mum & dad type of retail share holder, I prefer the MM deal (I voted already).
From a pure commercial perspective, the two proposals will bring too much dilution (OZL has already got too many shares in the registry), and obviously, the terms and conditions are mostly towards the bebefit for the proposal-maker, not us.
I read some analysts' reports on the deal, they seem to also think MM deal is better for the existing share holders.
We have PH (copper), we have more than enough working capitals. I am confident PH will be a base for OZL to explore for the up-side.
OZL Price at posting:
91.5¢ Sentiment: Hold Disclosure: Held
