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15/01/13
13:59
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One thing that hasn't been mentioned is the relationship
between TB and the analyst fraternity.
Every time we get a belting it is mostly analyst
generated.
When TB came out and said he wouldn't be dictated to by the
analysts and shareholders regarding M&A he has put himself
offside with the very people who can influence this stock.
The last analyst downgrade saw our shareprice savaged by
10% in one day. They came out with a reduction in profit
expectations of up to 40% in 2013.
40%- boy you have ticked them off TB.
The lack of M&A activity in the last three years has seen
a consensus that things are not looking promising for OZL
until they increase production by picking up a smaller T/O
target to get us away from the one trick pony status.
With underground mining and the inherent risks involved we
are now in a very unpredictable environment when compared
to open cut mining.
Come on analysts give us a break, we need it.
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