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22:08
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Originally posted by Paul88:
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I think that makes sense. Pending the next piece of fundamental news, this will drift lower on tiny volume like many other speccies do at this end of the market. How much lower? No more than another 15% in an extreme case I'd say (cause another 15% down from the current price takes us to the 200-day moving average which is about 6.1c). My gut feel is that once we pass through the meaty part of tax selling season, this will grind up and settle around 8c (which is also around the 100-day moving average mark). When will the next piece of fundamental news come? Obviously we don't know when the next market release will come, but I think we'll probably see something on the next drilling phase before we see anything meaningful on the HL front simply because from my searches, the clearing permit is still in-application stage with DEMIRS (check for yourselves, don't take my word for it). Short term, OZM is very frustrating to say the very least but that's if you have a negative mindset. If you can see the silver lining behind the current depressed OZM pricing, its an opportunity to top up. When you zoom out and look at OZM from a fundamental perspective, it has made strategic moves whose benefit (or cost) can only be seen after some passage of time. AIMHO (DYOR).
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That's interesting re the clearing permit. The water was the biggie that OZM ticked off, but the clearing permit I think relates to flora and fauna?
