Re; "You guys are dreaming if you think century has any value, how can you buy something that has a limited life and is bleeding cash at $200m a year, its a liability. This company is RS, I do not know how you can still not see the writing on the wall, as each announcement comes out the message gets more dire."
Base metal prices have been historically volatile & atm zinc appears to be stabilising at a level below costs for almost all zinc mines. However, the World still needs zinc so Century does indeed have value & many years of life to come yet! IMO Century should have been wound down to minimal operations much earlier but within a couple of years will provide a cash bonanza.
IMO to then extrapolate from this that OZL is RS & we are all in denial is stretching the facts a very long way - even the CBA did a capital raising today & BHP still has $6b in debt.
4YIO - NFA
OZL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
