would ozl buyback avebury?, page-12

Michelmore bought Avebury for OZL and now wants to sell for minmetals.....Didn't he pay 900m for it? They would be lucky to get 10m for it now. Who is this guy?

Yes indeed a sad chapter.

Martabe, where do we start? More dodgy deals. This time Owen Hegarty sold it to himself via a Chinese co after he sold a large portion of his OZL holdings before a long suspension that almost ended in administration.

What is really sad, is that OZL should still be here with 4-5 producing mines. The Share price would have hit $5 early last year and that's even with a 500m cap raising at 50c during the GFC.