Szaba,
Sometimes not being fixated on a plan, but rather planning some optionality is the best course.
Need a strong balance sheet to exercise optionality, but where you have little control over whether a good value asset becomes available, and can not be certain of exploration success then having some optionality is much better than rigid planning.
Looking to me like OZL will probably get there through exploration, eg development of the big C option it bought in 2011, but yes this game is only for the patient. Impatience is what generally destroys shareholder value through ill-considered M&A shortcuts, presented by the cunning foxes from the investment "industry".
EL
favour for an old freind/foe, page-8
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