1. world commoity prices fallen after a period of enormous growth 2. merger provided opportunity for shorting opportunists. 3. part of the global melt down. 4. change in mix from copper, gold, to predominantly, currently, unloved zinc 5. increasing costs of production as reflected in Ox latest report 6. untested CEO without the runs on the board which the previous CEO enjoyed 7. timing of merger was appalling 8. margin loans triggered heavily as debt unwinds across the board 9. fear dominating in a psycho share market where fundamentals and reason no longer applies - sellers watching for the 'whites of their eyes' response before they call it a day 10. double number of shares on issue because of merger 11. timidity of buyers in face of relentless, pressurised selling. 12. buyers today probably like Oz buyers some 6 years ago, SMART.
OZL Price at posting:
$1.34 Sentiment: LT Buy Disclosure: Held
