Onward and upward!

*DJ Oz Minerals Price Target Raised 25% to A$13.00/Share by Shaw & Partners
23/02/2018 09:34AM AEST

*DJ Oz Minerals Price Target Cut 3.5% to A$11.10/Share by Citi
23/02/2018 09:11AM AEST

Both well above current $9.40.

OZL is not the only metal miner with buckets of cash on the balance sheet

https://www.bloomberg.com/news/arti...es-cash-pile-to-reward-investors-and-pay-debt

Yes, OZL has Carapeteena to spend some of the cash on, but their pile is bigger than this progressive draw-down. M&A beckons.

If all major miners have similar cash pile characteristics, tensions will rise and somebody will crack and overpay for a second-tier asset. It takes a lot of self-restraint to just sit on cash aching to be deployed.

Beware!

Ash