why is ozl falling, page-9

I totally agree with you asf.
I was refering to short term sentiment and not fundsmentals of OZL.Next years NPAT should be $400 mil+
and with 312 mil shares this would be at least $1.30
eps. Multiply by a p/e of say 15 (BHP is p/e 17) and that's $19.50 ps.

I think that the consolidation is a great long term move
because it will reduce the number of shares out there to 324 mil and a post-consolidation of $200 mil buyback will
reduce shares further to 312 mil. Given the improved price of copper, this will give EPS a turbocharge!

The timing of the cash back of 12 c is also good because
it encourages the nervious nellies to stick in there
and not sell down before thr consolidation..

Given that the top 5 shareholders hold over 50% of the company, the AGM vote will be only a matter of form!

Moorookamick