Good pick up Du,It is an interesting article for some of it s...

Good pick up Du,

It is an interesting article for some of it s trategic implications.

This article and the recent foray into Romania say a couple of things about the OzL strategy:

1, They are looking
2. They will not overpay
3. They are looking overseas, and not confined to Australia. I thnk this is an adjustment to their strategy and may be because of point 2, and they feel that Australia operations may be overpriced. Has the MRRT and carbon Tax had any impact. Ozl is currently excluded from the MRRT but for how long and is this uncertainy at play. The forays overseas may also be part of a supply risk mitigation strategy
4. There appears a slight adjustment on the size of operation they are interested in, at both ends of the scale. May be this is in recognition of the limited number of opportunities available and what Ozl thinks it can afford

The article also explains in part the poor recent performance of the Ozl (and PNA) share price whilst speculative not yet producers of CDU and SFR appear to be doing better.

My thoughts but DYOR.

Regards