Larlie, I seriously wish I was wrong and it closed at above $1.
But, what I think is this - the price of copper and gold in AUD makes me super happy. When US$ goes up, the cost of production, in US$ has to go also go down (if not proportionately) for OZL. It is simple maths. In fact, in places like Laos, may be the stronger US$ dollar translates to much better profit.
It does not matter if the copper price goes down and at the same time the US$ goes up. It would worry me if the US$ remains the same or weakens and the copper price also remains the same / drops.
This share price is a joke. We will see 1.50+ in another couple of weeks time, or a month at the most.
-------------------------- Please DYOR, I am only a misguided resident ghost.
OZL Price at posting:
$9.55 Sentiment: Buy Disclosure: Held