OZL 0.00% $26.44 oz minerals limited

ankata stope commences, page-5

  1. 5,227 Posts.
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    Welkin,
    A company only needs to tell the ASX if it is material. Material is normally defined as impacting on the market cap or profit by potentially 10% or more. Ankata is about maintaining the current copper output, so it therefore should not impact on the sp at all.

    Remember that BHP did not tell the ASX when O Dam stopped producing, cause it was not material to BHP's profit.

    WRT the announcement, it looks like OZL came home with a "wet sail", BUT, they did yet again do what they said they would do and delivered in the time frame they said they would.

    HT1
 
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