OZL has been very quiet since the sell out.
So i raise the dividend question. Last one august 2008.
Most resources stocks pay little or none.
I think it is time they started to pay out.
6c on $1 share would tend to put a floor under the price and be 3c each 6 months. Thats about $90Million .
Now of $700M (?) at say 6 or 7% short term money.
Say 6% thats $42M so the dividend will cost $50M.
I think it is a small thing to give something back to OZL shareholders.
My issue is OZL wasted so much of our money, i want them to be saying we will be getting at least 15% ROI on the 700M so its better we pay no div.
What do you other OZers think ?
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OZL has been very quiet since the sell out. So i raise the...
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