Ann: Sale by OZ Minerals , page-7

  1. asf
    9,887 Posts.
    jenx said:

    "Good point! I guess when you are sitting on a billion, 4 million is barely emptying the change out of the car ashtray!!!"

    For some reason, I found that wildly amusing, jen- thanks for the afternoon laugh!

    I just saw this thread, but commented on the share sale on the other thread- I should have known you OZL's would be onto it. Perhaps OZL will be selling out of their strategic investments in other companies- haivng them often just lead to takeover rumour, and OZL probably gets sick of it. Removing itself from a share registry makes things less complex, imo. Also, RCO went up today- probably on news of the sale- all good. Passive strategic investments can act as a blocking stake to corporate action, and companies like to avoid that, from what I've seen.
 
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