I declare OZL to be a contrarian play now under $4.00 when compared to the high yielding bubble. eg. financial sector. Many issues here, but primarily is the strength of the AUS$ vs the de-leveraging from commodities world wide as to keep pace with decreasing Chinese growth, the pitied US economy, & the UK/Continent abysmal "belief".
IMO, this is sentiment and I've discussed it with my sig. other and I'll be buying tomorrow.
The balance sheet is strong. No debt. A pure copper play.
For bulls only, sure.
Little good news to come.
Things change and I now forecast a swap from high yields to oversold commodities this year - soon; maybe not tomorrow, maybe not next week, but OZL under $4.00 to me, has reeled me in.
I may trade later.
OZL Price at posting:
$3.95 Sentiment: Hold Disclosure: Not Held