if ozl was acquired and remained a stand alone company nothing would change except for their then being just one shareholder..
if on the other hand it was dissolved as a company and the assets were transferred into say BHP then all tax losses would be lost...one would be referring back to the "bottom of the harbour" stories of the 1970's
Bottom of the harbour tax avoidance - Wikipedia, the free encyclopedia http://en.wikipedia.org/wiki/Bottom_of_the_harbour_tax_avoidance
todays high volumes suggest to me that after the abc and widespread newspaper coverage of ozl that ozl is about to move to a higher price range...basically because funds tend to move in for a position well ahead of fundamental changes that justify price rises... ..market conditions and projected copper demands suggest ozl is well placed to achieve much higher pricing in the near future...little downside...a lot of upside....market makers in the stock have toatal control of late determing highs and lows ....with new entrants into the stock..demand may well usurp their dominance in trading in this stock.... I hold substantial holdings and have now re-evaluated projection and decided to remove sell orders that were designed to capture short term 1.5 to 2 c moves.... good luck to all
OZL Price at posting:
$12.55 Sentiment: Buy Disclosure: Held
