On another note, has anyone recently looked at the trendline on Copper and Zinc stocks? Copper stockpiles at LME warehouses are at 300,000t and Zinc is also trending down (but not at the same rate as Copper).
Now I know that the chinese are buying metals and storing them, but there is some commentary that Copper could have a price "breakout" in the fourth qtr of this cal year.
Rejecting the MM deal and refinacing with equity and a new loan may give OZL the breathing space it needs to ride any commodity price movement up and be part of it.
HT1
OZL Price at posting:
$8.85 Sentiment: Hold Disclosure: Held
