OZL 0.00% $26.44 oz minerals limited

re: Ann: 2013 half year report announcement a... Seriously...

  1. 11,016 Posts.
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    re: Ann: 2013 half year report announcement a... Seriously people say they need to make an acquisition. But then they don't want OZL to overpay or buy something they don't think is adequate.

    Then they say if they can't find an acquisition then they should return the cash to shareholders. Then people complain because OZL are returning some of the cash to shareholders in the form of a dividend.

    Damned if you do, damned if you don't.

    People are also complaining about the cash position with the cash levels having dropped but then seem to ignore the media release with the half yearly result which states:

    "Our cash position was lower as expected given the funding of waste stripping; the timing of sales receivables also temporarily reduced the cash balance at the end of the period."

    If people think the company isn't doing well enough in the circumstances then sell your shares or if you think you can do better then make a takeover bid and prove it.
 
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