I don't know much of the history of when it was OXR but I don't think that OZL can fund C with this acquisition without taking on some level of debt. They had $729m of cash at end of last FY and they've got $500 going to C this FY and $250 for Avanco if it gets through. I don't know what gearing they had pre GFC but it must have been substantial to go under
OZL
Price at posting:
$8.96 Sentiment: Buy Disclosure: Not Held
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