It wouldn’t surprise me if when the time comes OZL takes a 19.99% stake in CZI via the CR, and maybe even supports it in a small way with some of the debt, on slightly better terms than the banks. OZL will want CZI to do OK, so long as they can get a good return on any “help”.
Seems I should have waited for the next impatient seller.
I might be wrong, the PFS might be struggling and the changes only mitigating other things going the other direction, but I don’t think so, and I don’t think OZL would ever have pushed the green light on anything that looked like the FSS numbers.
Anyway impatient people do sell impulsively. Buyers will mostly require more time to evaluate things, maybe even waiting for the PFS.
EL
Ann: OZL: West Musgrave Pre-Feasibility Study Progress Update, page-7
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)