Yes, I'm perplexed as to why OZL is being sold off today and getting very close to losing support at $13. All the brokers list OZL and PNA as their preferred mid-miners and best copper plays in Australia. OZL especially now Extract has been aquired.
Seems Copper has lost some support ovenight and now I notice other copper plays like PNA and ARU are also seeing red in the afternoon.
Not sure if the class action is to blame, I think this has been a known factor for some time.
Probably all about copper speculation but even then most analysts say Cu price will improve in the second half ecpecially with some of the world's biggest CU mines delivering less.
DaveJ
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