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$26.44 oz minerals limited

I share your view and on top of it, if the guy [Henry (BHP)]...

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ANTON707

2,791 Posts.

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24/10/22

19:20

Post #: 64367913
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Originally posted by entropylord: ↑

Excuse me but by that logic OZL could stop spending money on growth, and pay out say $1.50 per share in dividends and suddenly be worth $50 ps ???

Sorry but you can’t value a company on current dividends, end of story. Lazy methodology won’t get you a realistic valuation.

Please also note that if you value OZL at $8 and BHP valued it around $25 then one of you is vastly wrong. Mike Henry hasn’t earnt a reputation for overpaying so guess who I would back? And I don’t believe BHP has even factored in much of the growth as they’d likely destroy it, and even if they didn’t are unlikely to pay for such less tangible aspects.

AC has earnt his reputation for reinvesting to add value, rather than just paying out dividends, as you require. I am happy to continue back that through the cycle, through recession and global turmoil. You are welcome to find something more to your taste than copper, and that pays good dividends, may I suggest banks.

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I share your view and on top of it, if the guy [Henry (BHP)] would have gone out and saying it is a MUST have then....what a dumb M&A strategy...

I guess thing swill cool for a bit but the 25$ price mark demonstrated to be a platform after today

OZL Price at posting: $25.11 Sentiment: Hold Disclosure: Held
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