Not sure about the website business, but I guess it has some merit.
As a holder of both OZL and CFE, I thought initially some time last year that this sale have worked as well. There were rumours that OZL looked at Lady Annie initially before the IPO.
I thought it may be a goer as well, but OZL have come out and said that they would acquire a 50k operation as a minimum with a preference for a less than $1/lb operating cost. Lady Annie doesn't meet these targets, however I still believe that for a lazy $150/160m that it could work. I don't see that as putting a big hole in OZL's $1b. For reference, yes I am one holder that wants to see the cash put to use.
Patience with this one, I feel something is just around the corner. I am topping up.
Cheers all
Spek Please DYOR
CFE Price at posting:
43.0¢ Sentiment: LT Buy Disclosure: Held
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