OZL was lucky to get through the turmoils of last year. And we are in pretty good shape. Let's get on with it and look at the positives.
Resource improvements. PH production strong. No debt. Cash in the bank. Next report looking to surprise. Copper prices going ballistic. Will there even be a divvy announced? And what would that do to the SP if it happened?
But IMHO their has been a real opportunity recently. With the Blackrock and Barclays merger they ended up with over 12%. That's probably too much for them? The selling down of this is accounting for a large volume on the market. Get 'em while they're artificially cheap traders! Who knows when this will finish (if not already).
Looking forward to new highs and less whinging in the next month!!!
OZL Price at posting:
$12.75 Sentiment: Buy Disclosure: Held