bottom line, ZFX was a bad acquisition, zinc price falling, and now management cred is bad. for mine management was one of OXR best assets, now that Michelmore is at the helm the management premium will be well and truly gone. People talk about how good Michlemore is. But in reality hes not. He did a poor job at WMC, not much better at ZFX and i cant see him doing much better at OXR.
Markt is treating this stock with what it deserves for making a dilutive acquisition. Everyone is long the stock, will only take a few funds to start shorting the thing to squeeze the longs out and add to the selling pressure.
This one intiially headed $2.20 then possibly $2
OXR
oxiana limited
time you guys look at the facts, page-19
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