"PNA did a 5:1 consolidation and have been much more stable."
DaveJ of course I hope you're right about PNA but lets not talk to soon :-)
I found Dasa post IMO very much on the money unfortunately. Dasa I hate opinions that make a lot of sense especially when its stock that I have an interest in either directly or in indirectly and its moving south. grrrrrr.
Ville yup quite a few of us didn't like the 10 to 1 consolidation right from the time it was put to us. Sure you were the most vocal from memory. So lets hope has you say "better be a good reason" for it.
The only thing/opinion I will add is maybe the market is becoming frustrated with the wait for drilling results around P Hill. I suspect that OZL will just follow market sentiment until the June Qtly and half year results. Also lot of great companies have taken a good beating of late as well, one of the strongest being BHP they fallen 20% ozl at about 28% being a one trick pony etc etc. Not trying to white wash this guys as I know its upsetting. We invest to make money.
I'll close on a positive. At the very least OZL has stuck to their strategy, and unlike many others around, have clearly published one.
Mx.
OZL Price at posting:
$12.65 Sentiment: LT Buy Disclosure: Not Held