If Glencore and others believe the market is at the bottom now, then they may decide to pounce on some assets, which is bad news for OZL holders. We should sell as little as possible and tough it out. PH will generate enough cash to keep the company liquid until metal prices improve, which may be only 6 months away, based on reading and mine shutdowns that have occured combined with the world wide stimulus packages all kicking in at the same time.
I am OK with OZL being in a trading halt due to the uncertainty over the company finances. (I do not think it would bounce much until that is resolved).
HT1
OZL Price at posting:
$5.50 Sentiment: Hold Disclosure: Held