ozl has cycled above $7.50 and below $6.80 a few times in the last 6 months. I have been trading in that range and loaded up again at current price. I have a large holding well under water (avg $10)
If copper is above $3.50 and AUD is steady or falls a bit then i feel safe that it will see $7.50 again before too long.
If OZL surprise us with good value M&A or further lucky exploration then much upside.
If AUD keeps climbing then further downside for all miners an exporters lies ahead.
OZL Price at posting:
$6.36 Sentiment: Buy Disclosure: Held