Agree with your valuation methodology Pilatus. But when management performance is factored in, how can we have a negative share price?? (Seriously though, there is a discount for poor management, just as there is a premium for good.) I listened to the Bloomberg interview and agree (belatedly) that it is a joke. However, another serious point: This company - especially this company - must be very careful about poor guidance. The optimism TB sprouted about the bright production outlook at that time now looks quite misleading. If it turns out that the optimism relating to the correction of the wall slippage was unrealistic, they run the risk of a repeat of their class action debacle. I hope we don't find out that the mass dumping of shares was because some in the market know something we do not.
OZL Price at posting:
$3.42 Sentiment: Sell Disclosure: Not Held
