I thought OZL was supposed to be a good barometer with respect to the copper price yet over the last 2 months it has dropped 4 % while Cu has taken off and increased 14%.
If you look at one of its copper peers like PNA (well run company) it has increased 17% more in line with the increase in Cu.........so what is going on?
Also OZL has lots of CASH as well......investors both big and small must really think this company is a poor investment.
The jury is still out on the likely performance of the new management (still early days but showing some promise) however i would have thought that the great potential of PH would be enough to ensure a higher SP. Based on the above pro rata rates our company should be trading on a SP of $1.45-$1.50..... i continue to patiently hold
OZL Price at posting:
$12.10 Sentiment: Hold Disclosure: Held
