Aussie Joe,
I too am p***ed off with OZL, however I am not sure fronting DnD would help a lot atm, better to keep a low profile imho.
As I see it one of our biggest problems is we have no info on which to judge the profitability of Century. My fear is that the shorter do, and it is ugly? If it is not ugly why have we had ABSOLUTELY no guidance on it from the company.
For Seppon, and GG we have enough info to adjust last years numbers, but for Century?
As for Avebury, we know they paid $900mm for something which you'd get for perhaps $200mm today (eg EV for IGO less than $200mm). We also know you can get $1.2 bn cash for about $1.25 bn, you don't need to pay $6 bn for it, as OXR directors may have thought.
EL
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Aussie Joe,I too am p***ed off with OZL, however I am not sure...
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