copper futures, page-39

I believe that hedge funds saw an opportunity to short OZL and it worked. The hedge funds have had great success in making a lot of money by bringing companies down like - CNP, AFG, ABS.

They have exploited the market sentiment of many OXR investors to merging with a Zinc company plus general poor market sentiment to falling metal prices and mining stocks in general. In addition a lot of investors got margin calls which helps their cause greatly.

However they face a problem in that unlike the companies listed above which had high debt that needed refinancing OZL has large cash reserves and is making real money selling minerals that are in demand. Therefore they can only push OXR down so much and they have probably already reached the low point.