ozminerals is nothing short of a disaster, page-7

Darren,

I understand your thesis of a piddly small stock in a god forsaken exchange like ours.

Then again, the same applies too if thats the case to your contention that its bored hedge funds playing games.

They do not play games, its pretty serious stuff...managing money.

And futher, if 10 million shares is the required quantitative number to short to hedge out your resource exposure in Australia, multiply that by 20 hedge funds/resource funds and international money mnagers, you are talking 200 million shares short.

Thats alot of shares to find a solid home for, a home like mine and yours where we sit and wait and hope for the best, while traders like the NovaStar that replied buys at 1.70 and tries to sell at 2.00 only to realise its not going there in 5 days and chops it out at 1.75.

Multiply Novastar by 10000 day traders who are attracted to this stock, and the share price is not going to crack through 180 easily unless some fund comes in and says "I think its cheap enough, buy me 10 million to put away in my value fund"