OZL 1.00% $15.81 oz minerals limited

ozl may lose money until 2010

  1. 1,674 Posts.
    I sold this stock at break even after buying at $1 and then 0.9 - I now believe Macquarie are right and Cu is going to $1. OZL has been relying on Cu to subsidise its loss making Zn operations and given it seems reluctant to close century is going to burn through money for the next 12 months. If Cu goes to $1 I can see the $300m net cash buffer being gone well before Zn turns around. Management are going to have to make some drastic economies and, given they ridiculously paid up fully for the Toro rights offer when the shares were trading well under the offer price, I still have my doubts.

    This is going under 80c.
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Mkt cap ! $5.237B
Open High Low Value Volume
$16.12 $16.50 $15.77 $27.63M 1.727M

Buyers (Bids)

No. Vol. Price($)
2 9810 $15.79

Sellers (Offers)

Price($) Vol. No.
$15.82 5000 1
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Last trade - 16.10pm 23/10/2020 (20 minute delay) ?
-0.160 ( 0.65 %)
Open High Low Volume
$16.13 $16.50 $15.78 214897
Last updated 15.59pm 23/10/2020 (live) ?
OZL (ASX) Chart
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