OZL oz minerals limited

why is ozl falling, page-2

  1. 364 Posts.
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    Mx,

    I agree with you. I think the capital return and share consolidation are dumb, but they are not the reason. Share consolidation should only be 2 or 3 to one. Keep the cash as well for acquisition or development, or share buy back of small holders.

    OZL has kept its relativity to PNA which indicates something else is in play.

    I believe that OZl has been oversold at the moment based on lack of positive results so far and fear of a correction.

    Ozl was trading in the $1.65 to $1.75 range before dividend, so now ex dividend the range may be $1.61 to $1.71. After the cap return it may well be in the $1.50 to $1.65 range but you will have the cash in your hands from the cash return. Then comes the share consolidation which I think will lose some buyers and result initially in a $14.00 to $16.00 trading range initially.

    All dependent of course on announcements and commodity prices.

    Still think it is a good safe long term hold, particularly when the frnked dividends kick in.
 
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