re: Ann: 2012 half year financial results ann... People here keep complaining that OZL did not buy The rest of SFR.
However at what price do they believe OZL could actually have succeeded? Would it have been smart at say $10 ps ? At $12? Because I am really not sure SFR owners were really keen to sell.
We'll never know, will we. It may simply be a fact of life that we could not own SFR without having overpaid for it. We would certainly have been buying in more exuberant times, in times of higher asset prices.
I am also disappointed that OZL continues to spend heaps but has yet to make a meaningful addition to reserves at PH, or to discover another ore body. But is that not the resources game at the smaller end?
EL
re: Ann: 2012 half year financial results ann... People here...
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