OZL 0.00% $26.44 oz minerals limited

martarbe, page-14

  1. 1,086 Posts.
    You are correct Mission - Larlie summed him up very well.

    He is very much a "fairweather" type - put simply he was very lucky for a reasonably long time which coincided with the resources boom.
    If he was so astute how come he got margin called (if indeed it was a margin call in the same way as the plebs get margin calls) ?

    Check out his personal investment in Range River (RNG) for astuteness.

    There were flashes of what appeared to be brilliance but were probably just luck -
    Buying Minotaur (MEP) out of Prominent Hill.
    Buying Golden Grove at precisely the moment that zinc prices took off.
    Spinning uranium prospects into that dud company Toro (TOE) which created $'s out of nothing.
    Sold off the ex-AGC Wiluna dud prospect.

    And then the failures -
    Takeover of ZFX.

    Looks like one huge continuing failure cancels out everything that went before it.

    He was part of the OZL board that allowed it to fall in to this mess - don't forget that.

    What happened to his Middle East copper consultation assignment? How is he performing on the FMG board? How are the other companies of which he is a board member faring?

    I don't hate him but neither do I think he should have taken an $8m golden handshake. I have simply ceased to see the halo I once saw.
 
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