1. Share buyback reduced the number of shares increase EPS immediately (this is preferable than a special dividend or payout to shareholders)
2. smart acquisition to add to growth profile...........although a bargain is hard to come by at present hence the dilema.
Either way some money needs to be saved for further expansion and exploration of PH.
I guess at present they are focussing their efforts on item 2 above and on investigating PH's potential.
The market is meant to be forward looking and yet it does not allow for any of the above to transpire....for eg it item 1 was executed we would be at $1.40 and if item 2 gets executed right then easily at 1.60-1.80. I mean increasing the mine life from 9 years to 25 yrs gives us a SP of $2.00 and change.........................yet the market in this case may be either blindsided by OZL past descretions or knows something we don't.
OZL Price at posting:
$12.30 Sentiment: LT Buy Disclosure: Held
