UBS has a NEUTRAL recommendation on Oz Minerals (OZL) this morning with a target price of 120c. Now 112c. They have dropped their 2009 earnings forecast by 25% this morning thanks to forex losses NPV valuation by 4% after a strategy briefing.
You could see that coming, and the comapny was sleeping at the wheel as usual for months. I get the feeling these guys just dont learn from their mistakes, or are inept.
I personally hope it can be taken over next year, and put an end to it. Pass on to a company who knows what they are doing
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