OZL 0.00% $26.44 oz minerals limited

broker from ig gave target $2.25 today, page-39

  1. 5,227 Posts.
    lightbulb Created with Sketch. 146
    Szaba,
    I agree with your comments, small shareholders cannot effect change easily, only institutional holders can.

    I cut my losses on OZL and my SMSF took a loss. Every time we think it is oversold, it falls again. I am also a little pessimistic that OZL can generate enough free cash before 2018 to have a viable income stream to fund the next growth phase. IMO, they have run out time.

    The malu u/g will, I think, consume $200m
    The tunnel boring machine is also consuming cash, and drilling the exploration tunnel will consume more spare cash.

    I just can't see the capex plan and the cash flow meeting up nicely.

    HT1
 
watchlist Created with Sketch. Add OZL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.