The problem as I see it is this: BHP has OZL by the nuts: Currently negotiating off-take agreement/s. Without OZL having acceptable agreements then... well OZL becomes a natural short. BHP stops processing OZL product ... then $25 is looking like a good bid?
Disclosure: I don't currently hold OZL but I do hold just about every other miner. My current view is that BHP will offer 10% more and OZL will roll-over before the BHP induced SP collapse.
Sorry guys: big boys get what they want. xanax
OZL Price at posting:
$25.70 Sentiment: Hold Disclosure: Not Held