"Be fair. The market has moved up by 15% since that comment and OZL suspended and likely to re-trade at 50c or less, imo."
You serious? The company was facing administration before, and was trading at 50c to reflect this risk. Pending release of the details, it's now looking to be in the clear - how can the elimination of this risk not push the price higher?
It's just like MGX when it was around 25c, risk of administration priced in. Rapidly to 45c after financing secured, even with dilution from JV (granted it was not dilution, but actually concentration of shareholder value, since raising was at 60c).
OZL Price at posting:
$5.55 Sentiment: Hold Disclosure: Held
