I think I can see $1.30 coming back again. Copper keeps rising, Comsec analysts have increased expected earnings per share from 1.4c 90 days ago, to 2.8c now. Their forecasts for next year have also increased from 6.9c per share 90 days ago, to 8c now.
Blackrock investment has taken a 12.1% stake in the company, which is a vote of some confidence in either earnings, or takeover.
Good luck,
-------------------------------------------------------- Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. John Kenneth Galbraith
If all else fails, immortality can always be assured by spectacular error. John Kenneth Galbraith
OZL Price at posting:
$11.90 Sentiment: Hold Disclosure: Held