OZL 0.00% $26.44 oz minerals limited

OZL management are still suffering from the disease called...

  1. 6,680 Posts.
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    OZL management are still suffering from the disease called M&A
    way back from the GFC Oxiana / Zinifex days
    after 4 plus years it quite obvious they just don't have what it takes

    Once upon a time when the OZ board where bathing themselves in the $1.3B of glory they had in cash and a newly commissioned mine called PH they completely lost their foresight for the future and fell asleep at the wheel.....some examples

    They sold the Martabe gold mine to Owen Hegarty for a song
    instead of developing it
    They failed in an attempt to T/O SFR at much much lower prices
    back then the OZL market cap was approx 3 times to that of PNA

    If M&A is value destructive how did OXIANA go from 20c to $4.00????
 
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