long trend down, page-106

lower copper prices ...falling global indexes ....
low sentiment in global recovery....overall lack of trust in all economies.....10 for 1 reconstruction putting fewer but much higher priced shares in the market...not as easy to move big lots as it was before reconstruction...bigger rises required to make quick profits from day trading....easily moved down by shorters...
plus THE BUYBACK..still over 100 million dollars to spend on buyback....many may think the company will want value for its bucks in the buy back...so not too many feel the company will be making any announcements that would cost them more for shares they want to buy back....
...the downtrend in the markets gives the company all the excuses it needs for the low shareprice....

now nearing pre recn price of 80cps..didn't think i'd be seeing this...close to $1 I felt was an outside possibility....but this level ...no....

I believe that the overall market conditions will allow ozl to continue to do the buyback at low levels ....but once completed...I expect a big turnaround.....
I do have reservations about the price it paid for its last acquisition....they could have waited...and the return of capital could have waited....global conditions at that time were still precarious...but whats done is done....
for now lets hope they continue to make big profits and build up a big war chest.....for now no position...sitting and waiting....