What a bummer. When a company stops putting out physicalNumbers to analyse and read and go to webcasts for half year financials, any mug can see “ things not looking too good” it’s a cop out. Then when I clicked on “view “ for the 1/2 year Financial Results, guess what? Sorry cannot view having technical problems. I think more like Cash flow problems, no wonder unprecedented selling and probably the reason BHP walked. My guess is: mines now are too deep, strip ratio going up, underground costs soaring and grade is definitely dropping especially in the Carpenteena. I think like all companies the run is over. Copper surpluses, massive operating costs, diesel, labour, logistics, transport etc. Copper price dropping. OZ back to ore BHP on way!! How do I know. Because the figures are hidden from us. First sign
OZL Price at posting:
$25.35 Sentiment: None Disclosure: Not Held
