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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU
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To: The Fix who wrote (2084)1/3/1998 12:54:00 PM
From: Anand K Sharma  Read Replies (1) of 4718
 
IMHO ANZ should concentrate on OJALALI.

A bird in hand is worth two in bush. I am not an expert manager but I think ANZ management is wasting precious money on many fronts. They are overestimating their finances and underestimating the expenses.

Remember, before CLL, there were Australians and Chinese at Ojalali and then there was CLL. All had to abandon their share and CLL got back a tiny portion after long periods of legal threatening struggle, ALL because of lack of money.

6 or 9 million, whatever they have is peanuts. Besides, more fronts there are, more it diverts the attention of management. Once OJALALI is under control, they would have enough command of financial world to take on any projects.

Again, then, I may be all wrong and there may not be anything worthwhile at Ojalali. If I was such an expert. I would be a big manager somewhere.

I am just a little tired of long wait to see this stock doing something.
Management keeps on playing these money games and we spend endless hours on this thread analyzing thier moves and translating it to the value of the stock.

Probably, the management is right. The new year is here and I hope this stock is worth all the hype. I have been very bullish on this stock but if it continues the same pattern until the end of January, I shall lose faith.

Thanks Guys....

Anand (AK)
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