lt buy at 70c

As I have previously disclosed on here I have been a fan of the long term potential of OZL for a few months now but sold out at 95c. Today I had my (larger) order filled at 70c and am very happy to hold for the long term - I expect a 100% return within 12 months. OZL could fall to mid or even low 60cs depending on intra day trading and shorting but I didn't want to miss out on the brilliant buying opportunity at 70c. Remember OZL wont go broke and it will be well positioned to benefit from the squeeze of less well capitalised/cashed up competitors and price increases from 2010.

I expect OZL may come out with an announcement on its review to buttress the argument that it is strongly positioned sooner rather than later - especially if the SP doesn't start heading upwards. Shorters can always hold out for a cheaper price - I did from 95c to 70c - but at some stage if it isn't bought they will miss the turnaround.