Cheers Andrew, Agree with all your points. Difficult market to say the least !!
Merger in hindsight ignited some negatives that may have been hovering around for some time.
Shows how instrumental Owen was in creating confidence.
The whole thing with establishing true value again with the company is confidence in management and their strategies, how well they can manage current projects that are are there sitting on a platter to produce superior returns, PH coming on stream on time and on budget AND the future price of commodities.
The final point is really the clincher to the whole thing. Value can be created again in time and the ' sell price ' will then couple up with the value price. I am confident this will happen.
OZL Price at posting:
$13.60 Sentiment: LT Buy Disclosure: Held
