re: Ann: AZS: Azure Enters Joint Venture with... I also think it is a low risk investment. The amount involved is very little, almost pocket money for OZL.
With all of these exploration projects underway, OZL may find itself with a dilemme with respect to its cash holdings.
Do they keep the cash holdings in reserve to develop any exploration findings eg PH or Cambodia? If they use up the cash in hand doing acquisitions, share buy back or dividened payments, this may mean having to go into debt for project development. It seems to me taht at this moment oZL and Shareholders are very debt averse.
Overall pretty happy with the pipeline of projects OZL is building and the way the company is tracking.
Om a lighter note, I noticed that the recent announcement had in it that four letter word that original Oxiana shareholders found so offensive ---- "zinc"
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