positive technicals , page-9

Hello Mission, I've been reading your posts since the days of Oxiana and hold your reasonings in high esteem.

Are you of the opinion that we may get a higher bid in the $2.50 range between now and the end of March and by whom. I still have a very small parcel of OZL; sold out the majority when OXR was ranging between $3.60 and $4.00. Lucky for me that I refrained from being greedy; but still it irks me as many others that

1. Hegarty merged with ZFX; he should've waited until Prominent Hill and Martarbe were up and running and producing cash flows since OXR had available cash in hand and very profitable for its size despite the market collapse

2. He teamed up with an absolute deadshite of a CEO, Michaelmore; what was he thinking at the time. It was better to look for a zinc mine than to merge.

This is the third time banks have extended and given OZL reprieve to repay debts and if they stuff up more then the admins will come in and we are left only with the memory of what once was the best mining company in Australia for its size ever.

Looks like we have to settle for scraps, 82.5c until a miracle happens.

BHP havn't shown any interest so far, not even a rumor. Who do think will make a higher bid?

Cheers