attn mx-, page-8

Yes, $651 on the cash balance, plus money from elsewhere- presumably profit- to make up the rest of the $750. Is the current market worth of $200m in SFR shares included in the $651m cash (or cash equivalents), or is that an extra- anyone know, please?

The market seems to have stripped off the lesser cash- some $230- about $880m down to $651m- from the market cap, and it probably happened when the war chest went from $1b to $880m prior. Any suitor would also have 10% less shares to buy due to the buy back. I don't reckon the mine life means a dead end for OZL, as mine life can be extended with a bit of luck, and Ankata value adds. The lower OZL gets, the more attractive she'd become, I think.