If OZL had an open and accountable manamgement, we would know how well cash flows are at these prices.
Surely it must be close to being cash positive ?
I know gold is down but lets remember the cost of getting it out of the ground is still a long way below $900.
We also need to be vigilent to ensure the pressure to increase the cash offer if these prices continue. There is no way AM will be doing this. He'll be "down mine" in the dark away from those scary shareholders that say horid things about him...
cheers
OZL Price at posting:
$6.05 Sentiment: Hold Disclosure: Held