OZL
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0.00% $26.44 oz minerals limited

re: Ann: 2013 half year report announcement a... From this...

  1. asf
    9,887 Posts.
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    15/08/13
    12:57
    Post #: 12199386
    re: Ann: 2013 half year report announcement a... From this article- which is bearish- some hope on the cash status:

    http://www.smh.com.au/business/dwindling-cash-pile-a-burden-for-oz-minerals-20130814-2rwrn.html?skin=text-only

    "Dwindling cash pile a burden for OZ Minerals"

    "Investors may have been concerned to see the company's cash pile standing at just $432.9 million; a far cry from the billion-dollar war chest of several years ago that was supposed to be quarantined for a major acquisition.

    "While some incoming payments mean the true state of the cash pile is closer to $550 million..."
    __________

    So, $550m is more like it.

    OZL Price at posting: $3.97 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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