Kenny you are dillusionional if you think this company does not have cash flow problems. Sepon would be the only operation generating any cash and at current copper prices prominent hill is not a cash cow. As prominant hill ramps up it will not even be cash positive until probably next june. If copper keeps falling their will be no cash at all.
As too the share price. Has to be sub 40 when it next trades . This latest announcement was a absolute shocker and the stock will be severely punished for it.
I am expecting the next announcement to be a trading halt to enable a capital raising to be done.
OZL Price at posting:
$5.50 Sentiment: None Disclosure: Not Held