I have been watching this thread for a few days. I own a few OZ shares (silly me!). The thought of that Management Team buying something and running it profitably?
A few factors:
1. OZ Minerals is trading below NTA
2. Auditors recently had the opportunity to force an impairment charge (if required) and didn't so the current copper/gold price/cost regime reflects the value of those assets
3. More than 20% of OZ NTA is cash
4. Explorarion and Management OVerheads represent $150 Million and removing them would increase EBIT by approx 50%
Take 'em out I say!!!
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