I think the distance between the two mines will mean that there will be little if any synergy in the operations. I suspect in the Logistics and transport of concentrate, OZL will just negotiate an expansion (assuming P Hill is still producing) or a roll over and use the wagons and infrastructure already in place for P Hill.
I agree with your sentiment - the share price is what it is. Has OZL done anything wrong? It is not a BSL or a PDN that have raised capital. They have not overpaid for any asset. If I was going to be in a copper play at this time, OZL or PNA would be my picks. IMO, any others are too high risk.
I noticed that the buy back has recommenced.
HT1
OZL Price at posting:
$9.79 Sentiment: Hold Disclosure: Held