Oz is being sold because right now it is carrying a lot of risk..
What would be the impact of Zinc falling another 30% (more likely than it rising 30%)? And then put on top of that the chance that Prominent Hill will be delayed, have further cost blowouts or have commisioning problems (much more likely for this to happen than to not happen).
OZL could easily fall much much further from here and it is very hard to see a catalyst for it to rise. On the basis of probabilty the SP is much more likely to fall than to rise..
This can easily fall below $1..easily!!
OZL Price at posting:
$1.34 Sentiment: Buy Disclosure: Not Held