How can nobody be interested in this trade? Conditions are even better now, AUD parity, OZL $10.45, copper $3.86. Short term either OZL goes up, or copper goes down.
I'm overweight on the copper short side, which has worked out extremely well (and will continue to add to these shorts), but say copper hits $2, OZL will remain viable (I can't remember exactly, but wasn't OZL around this level last time copper was at $2-2.50?).
Great time for the buyback!! Commences 17th August.
OZL Price at posting:
$10.46 Sentiment: Buy Disclosure: Held
