I read how Glencore’s piddly holding of OZL via AVB takeover affords them an interview with the AFR about what they intend with OZL! They are kidding right, what it is 3 or 4 percent they own, they are irrelevant.
Spare me days! 5 years ago it was all on, Glencore running the ruler over OZL who were cash strapped and unsure of their direction, but that was 5 years ago. Spin forward 5 years, OZL are a cashed up $3Bil company with star appeal that the Rio’s and BHP’s of this world would die for, they should worry.
Andrew Cole is well placed to make his next move.
Cheers
Phil.
OZL Price at posting:
$9.50 Sentiment: Buy Disclosure: Held
