what a disappointment!!!, page-23

OZL is an absolute bargain at the moment IMO.

Shorters having a field day makes it wonderful opportunity. I got in for another bite of OZL this morning after selling some WES yesterday for $35.

If TB had bought a big copper play 12 months ago there would be no cash now and the purchase cost would have probably been 30% higher than it is today. Nobody would be complaining now if he wasted the cash at inflated priceslas year right? OZL and all export exposed minerals stock are declining along with the global economy guys (a few exceptions as usual) so brave to jump before the fall has stabilised properly.

OZL is well managed - it was always advised that costs would increase as the mine developed, this is not news. They increased more than guidance last quarter because the job was done faster than guidance in terms of overburden removal and to a small extent due to roster changes.

Management only appear frozen in fear on asset purchases to those dumb enough to think it would have been better to waste more money last year than be patient and buy in at the bottom - are we at the bottom yet or does europe still have nasty surprises, is china slowing?. If there are no bargains over the next six months (RXM?) then return the cash to holders so they can invest it and put it to work perhaps in other sectors that will have better opportunities than copper and gold. Truth be told I think a move is in play in the background given recent language at diggers and dealers and the big hint is the reduced dividend - OZL believe they need the cash for something. Look a little deeper at the hints guys, i think something will happen.