It would appear from the announcements today, that OZL will be exempt from the RSPT as it only affects oil, gas, coal and iron ore. A massive backdown but good news.
This should help OZL's shae price along.
I wonder if we can expect investors to exit Iron Ore companies for companies like OZL.
On a more sombre note, I wonder how long it will be until the tax is spread wider to cover companies like OZL when copper and gold prices rise.
OZL Price at posting:
$10.00 Sentiment: Hold Disclosure: Held
