OZL
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0.00% $26.44 oz minerals limited

buyback, page-5

  1. Horsetrader1
    5,227 Posts.
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    01/07/10
    12:45
    Post #: 6858826
    POG,

    Hard to tell. It has a cash backing of about 50c but that does not stop stocks trading below their cash value. In a bear market there are no fundamental bottoms.

    IMO, reinforces the thoght of a share buyback as the stock is trading below it's NPV, therefore a buyback is value accretive.

    HT1
    OZL Price at posting: $9.65 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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