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