sand fire, page-6

It's pure speculation HT and I'm only endavouring to empathise with the Board. I have little proof, but I'd say logically, few, if any acquisitions will be Australian based - little on offer that will create shareholder wealth. Are you a RXM holder? Rex is done and dusted.

IMO, all dividends must cease. I'm fairly sure the market has factored this in. I believe OZL shareholders must brace themselves - the next quarters are going to be very weak.

**High** grade deposits cost far more as compared to some local nonense.

My major reason to buy is the propectivity of the balance sheet, yet, a rights issue is possible - to raise more, to change the Board, to cultivate more than Carapateena.

OZL wil develop more offshore IMO. Watch for corp. changes perhaps.