Got to confess to having lost a very large 6 figure sum on the old Oxiana before being tossed out of it, back in the days when I bravely surfed the GFC with large margin loans. Also bought into the newly reborn OZL to ride it all the way down the pit wall collapse.
Fortunately I can say the recent years under AC have been a pleasant contrast, and especially sweet after a massive top up via CZI. If copper holds at these levels or higher, and AC stays, this company is going to go from strength to strength. Importantly for the first time since the GFC not a single mine company. Two very good cash generating assets, and a healthy pipeline.
At some stage I will need to consider reducing my weighting in OZL, but firstly need to reduce my cash weighting before selling anything, even another stock that needs deweighting even more.
EL
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