Carapateena holds lots of copper but production is in my opinion so far down the track that we are going be growing very long beards before that one starts to pay off... if it does.. and the massive technical obstacles may very well be something else to overcome. Hope I'm wrong.
Management has to be given reasonable time to do what it's paid to do.. and that is, give shareholder value.
This has not been done so far, even though they have had that time well and truly.
In my opinion we are all too ready and willing at trying to look for any excuse to justify management non action and in just keeping the board seats warm. Just because some miners may have done worse, does'nt mean that OZL management have done well.
My pocket certainly does'nt feel very full re this lot.
Give me, as a shareholder, some of that cash back.
A special dividend or any other terminology will do just fine but just give something worthwhile back.
There is simply too much cash in the hands of a time has stood-still handful of people.
I understand that opportunities cant be pulled out of a hat
but if that money is not used within a reasonable amount of time, (That should'nt mean years) then give some of it back to the owners... the shareholders.
The only way that it can be guaranteed that it's actually our money is if some of it is in our own pocket and not controlled by some one else. Ozl is a miner.. Not a long-term bank deposit company.
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