Ann: December Quarter 2009 Activities and Cash Fl, page-12

re: Ann: December Quarter 2009 Activities and... MX,
Agree with all your comments.

Putting aside the personalities for a minute, there is another side to why OZL is not moving much above 1.30 and is trading in a tight band sideways. The NPV of the shares is $1.32 or thereabouts. (and that includes u/g expansion factored in - which is not yet a done deal) I.e. it is fully valued. It will not move substantially from it's current price until it can show where more growth is coming from. A timing on Cambodia GOLD could help, or discovering another P Hill nearby the current one could also help (that increases the NPV to $2.31 per share.) But until these growths are announced, the sp of OZL will not move much at all.

I as a holder have to live with that.

Best of luck with PNA. Excellent qtly result.

HT1