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.
OZL Price at posting:
$5.87 Sentiment: ST Buy Disclosure: Held
