Huge, thanks for your comments. The first of the major broker reports has been annotated on fnarena:
http://www.fnarena.com/dsp_recommendations.cfm?searchsymbol=ozl
CIMB has an outperform with a $5.60 price target, but strangely, only puts a value of $150m on Carrapateena. That's half of what OZL paid. They then say that this emphasises the disconnect between assets and share price.
I don't understand what they mean with this- surely if they value Carrapateena at half its buy price, then there is less of a disconnect between asset value and share price, not more?
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Huge, thanks for your comments. The first of the major broker...
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