Well the SP of OZL has me wondering.
I see OZl as a safe company, and now producing and reporting great results. I see the low SP as a result of suspicions of Copper price correction as the stockpiles build and fears of further troubles in the world economy hitting demand. I think these suspivions and fears are a little overplayed and OZL has been oversold.Even at the depths of the GFC it would still be profitable on todays production costs.
I expect the SP to drift upwards over the next few weeks, but I am forming the view that the only way the SP can rise above a ceiling around $1.25 is either
1) Annouce a dividend for this year and into the future
2) announce a Share buy back
3) Announce some significant exploration results.
To this end I think OZL should be more aggressive in its exploration activities, with more frequent reporting. The more frequent reporting would also serve to remind people that this company has a good upside and is more than a one trick pony.
I believe exploration costs are lower now due to a pullback by explorers. This is reported in this weekends papers, particularly in respect of drillers, so now is a good time for exploring. Probably also a good time to be constructing plant and mines.
Oh and HT, a good thing about a forum like this is that people can choose to read or ignore posts. I choose to read yours and value them.
- Forums
- ASX - By Stock
- OZL
- broker coverage
broker coverage, page-26
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online