OZL 0.00% $26.44 oz minerals limited

*dj oz minerals: 92% vote in favor of minmetal, page-26

  1. 940 Posts.
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    Pieces, No purely speculating on what the market may price the stock at. As you would know share prices are not based simply on asset values. SP's take into account earnings, things like commodity prices, debt levels, company stability, world markets, management and yes assets.
    Ozl has been trading in the vicinity of 80c-90c lately with a lot of baggage. Sure there may be some speculation in that price, problem is we don't know how much.
    If we assume the yes vote gets up, then if nothing else there will no longer be any threat of administration, the company will be debt free, it will have new management and on the road to a new board, it will have a profit producing world class mine, $600-$700 million dollars in the bank (and nothing to spend it on).

    The market will make the judgement on what this combination is worth...mine was just my guess (and could be way off the mark)
 
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Currently unlisted public company.

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