OZL 0.00% $26.44 oz minerals limited

emailed company, page-15

  1. 2,012 Posts.
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    If your figures are right Ryan, it is clear that a buy back makes perfect sense. I didn't realise it would have that much added value. In fact, it is crazy not to do one, because if, as you calculate, the effect is to drive the share price to $2.88, they could do a new share issue later (to buy new assets or takeover) at that price, having mopped up at around $2.

    So, presently, $1 billion cash is worth $1 billion. A $1 billion share buy back is worth $1.44 billion - crazy not to?

    What bothers me is that there has not been even a murmur from them. How quickly things have changed since OH stepped back.
 
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