asf,
In the C announcement to the ASX, p4, it states "Payment of these amounts neither impacts our previously recommended capital initiatives nor the ability to undertake additional business development initiatives"
The other thing is that SFR has fallen more than OZL, so a script/cash offer is more beneficial to OZL.
Also, OZL has no growth plans for at least 7 years (C production). It will just keep on producing 100,000tpa of copper. TB has said even if they find another P Hill nearby, it will be 5 years till production. SFR fills in the gap, with production starting this time next year.
asf, you are always welcome to post and your ideas and comments are appreciated.
HT1
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