Interesting article in The Australian, especially if one replaces "BHP" with "OZL".
Interesting point about banks beginning to lend money for aquisitions. A word to TB - Don't even think about it. Any acquisitions etc must be made out of OZL's cash reserve. The market will slaughter the SP if OZL takes out any bank loans.
OZL must never again be beholding to banks and must remain in control of its own destiny.
One potential problem is that the bargain prices may evaporate quickly and prices for acquisitons will rise quickly as more buyers enter the market.
I got crticised before for suggesting SAU may be of interest, as they have only 140 million shares at 12 cents each, some good prospects adjacent to OZL in South Aust and Lao, I think they may be a potential for buy or JV. A bit of concern about SAU's management particularly as they seek to develop mines.
Be warned I own SAU shares for the long term, and from that perspective would prefer them to stand alone.
OZL Price at posting:
$12.85 Sentiment: Hold Disclosure: Held
