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Re the OZL EGM - no good news, the opposite. My contact raised...

  1. Halliday17
    326 Posts.
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    13/04/23
    15:45
    Post #: 67259056
    Re the OZL EGM - no good news, the opposite. My contact raised the issue with OZL Investor Relations Manager and she says the matter has been determined - the contingency arrangement is transferred in full to BHP - that is we get the money if, and only if, BHP sells WM. This figures as all other legal commitments made by OZL - e.g. honouring JV arrangements over coming years etc - all stand as if no change of control.
    OZL finish trading, legal contingencies being met, evening of April 18 when the Board resigns. Wish it was better news. Over to Greg Miles now to clear the matter up for all of us. He only needs say the contingency payment is still active, but now with BHP.
    CPN Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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