re: Ann: IXR: IMX signs Heads of Agreement to... Its nonsense to...

re: Ann: IXR: IMX signs Heads of Agreement to... Its nonsense to say a company with no debt and $200M+ cash in the bank is "not in charge of its own destiny".

OZL could continue to pay out 30% of net profit as dividends and accumulate a new war chest in future years for some future M&A or fast tracked development of existing projects after payment of $400 of $600M as a special dividend.

The possible need to do some capital raising does not change the merit of a good M&A opportunity that may present itself in the future.

I would like OZL to take on good opportunities for growth via M&A and if there are no good opportunities in the forseeable future then payment of some of the war chest as a special dividend is a sensible way to "employ the unused capital" in a meaningful way back to the owners of that unused capital - shareholders.

I can guarantee you that I will find an opportunity to grow those funds and would be happy to participate in a future capital raising with OZL on the right project.

I hope they do a good M&A while resources stocks are down.