When OZL announced that they were going to do a 1 for...

When OZL announced that they were going to do a 1 for 10
consolidation i was gobsmacked that they hadn't also announced any resource upgrade or acquisition news to lessen the sell off effect.

Although i still would have been happier with a 1 for 5, this monumental announcement that will shape the path to be travelled by OZL into the future, has pleased me no end.

As we now are less likely to be bed partners with SFR(in the immediate future) the need for an equity solution now has me scatching my head even more as to why we need to reduce the share register by that amount.

Call me over cautious or what ever but as a long term shareholder any move that could be seen as risky was not met with a lot of joy until the release of todays fantastic news.