PNA is $2.22 to $3.44 in 6 months! Good grief- it has a market cap more than OZL. Too expensive?
HT, thanks for the reporting date, and for your other comments. Re my thoughts on RXM perhaps having some takeover premium in its share price, you are probably right in that RXM presents real value. I do wonder what would happen to RXM's share price if OZL took over another company- AOH, MNC, PNA, or some unknown. Then again, if that did happen and RXM eased off, some other major would probably grab it.
OZL is not just cruising along right now- it has had some awful luck lately. The upcoming production figures might just force it into action. OZL could be one of the only companies on the ASX where the share price could rise substantially if it buys well. Most suitors get a bit punished, but the market just needs OZL to boost production, and it can't do that on is own, given Carapateena is only a pup.
OZL Price at posting:
$6.84 Sentiment: None Disclosure: Not Held
