that's right, the underlying fundamentals are there.
We have Calibre Investments rating OZL as a deep value buy
"Harshly treated by some analysts who hold concerns about
declining ore grades and increasing cash costs at its flagship
Prominent Hill mine. Future development of Carrapateena (the
next Prominent Hill) and further successful exploration of
Prominent Hill can address these concerns. For those who look
beyond the short-term earnings decline and at the actual assets,
we believe OZL is a deep value buy."
after a sharp sell off, all indicators point to a quick snap back to $7.50 - $8.00 range.
as I said before, anyone looking for a quick 15% should be buying now, and perfect time to be adding to existing positions.
Directors buying recently adds more confirmation.
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time to load up guys, page-71
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