As the share price fluctuates with wild and more often than not incorrect analyst's assumptions and i call them assumptions because that's all they are,(how many times do they get it right- not many)one has to reflect on OZL's plans for the use of the war chest.
Before long that $1.5 bill. will be getting closer to $2bill.and making OZL even more of an attractive T/O target.
If Carrapateena has been lost and SFR is too expensive then now is the time to-
1 Declare a special dividend or
2 Double or even triple the next dividend.
3 Start looking at other smaller underpriced explorers that are sitting on reasonable ground.- AAR comes to mind.
4 Buy and operate new drilling rigs and start punching holes all over Gawler and Mt Woods.
5 Buy back shares.
What ever OZL decide to do, they need to act soon because i have a feeling the moron analyst's and shareholders alike are getting restless.
OZL Price at posting:
$15.75 Sentiment: Hold Disclosure: Held
