Is there any correlation between OZL share price and copper price?
Since GFC copper has traded with consistently higher lows. Can the same be said of OZL?
Copper was last below $3 in 2010. Copper traded between $2.80 and $3.80 in 2010. In 2010 LME copper stocks were much higher than today.
Right now price is at $3.50 /lb It has not been below $3 this year.
In 2010 OZL was trading between $9 and $17 - Now OZL is at $6.30
Something else is going on here - it is not demonstrably connected in any significant way to price or stocks at this stage IMO. I say the current price is an opportunity.
OZL Price at posting:
$6.29 Sentiment: Buy Disclosure: Held
