Big players know that a lot of OZL is held on margin. So if they keep ramping it down they can shake them out and pick up the dumped stock cheap.
Forget the banks. They wont move on this. Of course they prefer to be cashed out by Chinalco. So they will wait.
Its all up to the government who is in election mode. IMO they will give a big tick on OZL and RIO. To not do so would bankrupt Queensland and loose them the election.
OZL Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held