OZL 0.00% $26.44 oz minerals limited

6 months in limbo, page-6

  1. al1
    2,005 Posts.
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    the fall in price may be just Blackrock doing a furthur reduction in its holdings....or shorters taking advantage of the recent rise....or a combination of the two....
    ...also production figures are expected to be down for the last qtr due to some technical problems experienced recently at the mine...so an article in todays FIN stated...all three muddy the waters ...but shorters would be pleased if this is correct ..as they will be able to maxamise their profits at a lower level...

    .........its been a shorters trading stock ever since it relisted ...they hold they reigns and its not going too high unless it delivers some very positive news....from a shorters viewpoint...its the margin that counts...and keeping it below 1.30 enables them short larger parcels for less outlay then they would have to put up if it was in the 1.40 to 1.50 range....they do pay interest on the borrowings ...so keeping that down incurs less interest and for them less risk.....thats how i see it...maybe someone else has another viewpoint....long term its like having money in the bank...unlike a lot of other stocks with wild swings and requiring big outlays....
    ........anyway they are my thoughts....good luck
 
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