"How much cash? those still bandying figures of $600m are I think dreaming; $400m appears to be a figure closer to the truth, but again, lets be conservative and call it $600m, or around 20c per share."
The report OZL just released states that after the Minmetals transaction they expect AU$500 on the balance sheet, and AU$750-$800m if you factor in sale of Martabe. Granted this is more than I expected.
OZL Price at posting:
$8.30 Sentiment: Hold Disclosure: Held
