Busy the past few days to post but nice bounce for US and metals.
Dare say that may have been a bottom for copper. Bought back 1/4 of the OZL I sold at 1.15 at 85c.
I don't claim to be a great or good trader of equities. I'm don't claim to be a great linguist either. But I've been right bang on on the analysis of this company for the better part of 7 years. I got too optimistic about the $5 value but then so did a lot of people when copper was providing us a great tailwind and coming online of PH at the last puffs of that wind. Unless there are no PH surprizes it's most likely put in a bottom at 84c, didn't quite get to 70-75c.
At least I've been open about my dealings not that I needed to be. I'll still stand by my decision to stick with MOL. As I challenged the person who thinks I stuffed up that I'll donate the difference between the MOL share value and OZL share value to charity, they clearly have no convinction of their beliefs they didn't bother to accept the challenge even when I'm giving them a 100% head start too.
This won't see $2 again until late 2010 at the earliest, barring a takeover offer
OZL Price at posting:
$9.55 Sentiment: None Disclosure: Held
