The shorters dream, page-4

“Recent high of 12.87” ??? What are you smoking today?

I wouldn’t take equaliser’s post too seriously. Something smelly when someone who doesn’t normally post here suddenly posts such a less than coherent downramp. Posted the same thread starting post on three stocks.

I am actually quite worried about this virus, but I believe OZL is well positioned to withstand deferred purchase of it’s concentrates. Capex heavy lifting over for now, debt extremely low (with net cash) and low cash costs. But there is something else that the likes of Equaliser fail to note, the gold, in particular the stockpiles of gold ore. If the smelter needs to defer purchase of copper concentrates then OZL can process gold ore stockpiles at PH and only process the high grade UG copper (or perhaps even stockpile some of that). Carapateena won’t have much to sell for some months, so really this is perhaps the least bad timing wise for OZL.

I don’t think this will be over quickly, but I do believe OZL is in quite a robust position.

EL