OZL
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0.00% $26.44 oz minerals limited

ten for one, page-35

  1. prhb
    2,390 Posts.
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    09/02/11
    17:15
    Post #: 7867359
    Extract Resources is also another company that consolidated on a ten for one basis.
    Prior to consolidation it was trading at around 8-10c, after it traded at $1 - and based on company performance (i.e. discoveries) it is now $9.38.

    I'm not sure that the price would dive - it depends on the other factors (further discoveries, share buyback, institutional investors, price of copper and gold, future dividend policy and franking...etc)
    OZL Price at posting: $17.90 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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