OXR oxiana limited

price drop? reduced earnings??

  1. Yak
    13,672 Posts.
    MARKET TALK: GSJBW Cuts Oxiana Earnings On Golden Grove 04/09/06 09:06:00+

    0906 [Dow Jones] STOCK CALL: Goldman Sachs JBWere cuts Oxiana (OXR.AU)
    earnings for next three years after visit to Golden Grove zinc, copper mine.
    FY06 down 7.6% to A$319 million, FY07 down 13.4% to A$208 million, FY08 down
    6.7% to A$263 million. "Lack of zinc stopes means that there will be less zinc
    ore mined in FY07 with a flow-on negative impact to earnings." But says OXR
    remains preferred metal exposure in ASX100. Keeps Buy recommendation. (MCE)



 
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Currently unlisted public company.

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