carrapateena no sure thing, page-10

Byron,

You folk that were already all in when it was 4 cents can hardly be taking much solace from the subsequent bounce from 0.6 to 1. Even in the very unlikely event that you doubled or even trebled up.

Once again you prove you're in a virtual world, one where your imagination can riot.

It's well known that OZLs costs will be rising, but hardly cause for alarm, as the rise is from an extremely low base, and will remain well down the cost curve.

I really don't know why if you are so smart that you didn't go all in on SFR instead of on LOM? Anyway I guess OZLs portfolio managers were just so much smarter than you snaring 20% at pretty attractive prices - notably they didn't buy any LOM.

I suspect TB might make quite a good resources fund manager -seems keen to avoid overpaying, and keen to keep away from dodgy parts of Africa etc. Doing pretty well with SFR too, as you must be jealously noting.

EL