Yes Szaba, QE3 has provided a lift for almost all commodity stocks, but as they say "all boats rise when the tide comes in". There is nothing intrinsic in OZL to cause the price sp to rise. The long term issues are still there and need to be resolved by the management team and board.
I am not in the same "space" wrt M&A as you. OZL will move when it makes sense for OZL. I am still of the opinion that, assuming the RXM PFS is good, OZL may move to a JV or t/o. The release of that document is within a month's time.
dgc - I am not sure what you are saying. OZL's shareholding in IMX has remained the same at 33.9m shares. From what I am reading, it would appear that IMX has issued shares and become dual listed on the TSX. When IMX issues more shares, the % of shares that OZL owns decreases. Does that make sense or are we talking cross purposes.?
HT1
P.S. glad to see the s.p. rise as well!!!
OZL Price at posting:
$7.28 Sentiment: Hold Disclosure: Held
