re: Ann: OZ Minerals 2009 Half Year Report (i...
EL, Agree. Some reports from The Australian indicate that they are going to take their time and develop the strategy, then implement it, rather than being "gung ho". Burgess, it is reported, used the word "prudent". That gave me some confidence. He also acknowledged that OZL had made mistakes in the past. The other thing about Terry Burgess is that the commentary is saying that he is a bit of an expansionist. i.e. he will want to grow the company.
He has the cash on the Bal sheet, plus the cash flow from P Hill to rebuild. Once the strategy is agreed, I suspect he will implement it with diligence.
HT1
OZL Price at posting:
$1.08 Sentiment: LT Buy Disclosure: Held
