The SP increases are in my view driven by the enormous potential offered by PH. Over time it could develop into one of the world's great Cu/Au mines. Sure the brokers are increasing their valuations on the basis of commodity price increases (which just might not last!!!).
The YES vote for the MM deal is already in the bag imho. Only a new T/O offer this week will save the position. What OZL directors should be doing is trying to get some of the assets back to compensate for the A$:US$ change over recent months.
Give us back the Avebury mine and their exploration leases.
OZL Price at posting:
$9.40 Sentiment: Hold Disclosure: Held
