OZL 1.00% $15.81 oz minerals limited

potential

  1. 117 Posts.
    It is with interest that I have been reading the various posts on OZL. I agree with most of what is being said which probably reinforces that either I don't know much, I am a fence sitter or in the current environment any point of view can be valid.

    As a new holder in OZL (having previously held OXR and ZFX) I see some potential for upside;

    1. At least ZFX had the good sense to divest lower quality assets to CBH and Perilya (witness what is happening here).

    2. Closing or scaling back of production levels in the sector will at some point have a supply side impact/tightness.

    3. OZL have net cash on the balance sheet at this point (a positive in this market I would have thought)

    4. Prominent Hil - nearing completion which will remove the "Construction Risk" from the equation, with it moving into production it is more a matter of getting the production side right (lower risk, relatively simple proven technologies in play).

    5. The realisation of cost synergies at a combined ZFX/OXR head office are yet to be realised and no doubt they will be part of any cost reduction strategy.

    6. Whilst metal prices are low stocks are still well down from 5 years ago (see 5 year charts on kitcometals.com)

    To me all of this provides the potential for a strong base for the SP to rise when the Chinese stimulus package gains some traction.

    The biggest downside to me is the time for this potential to be refelcted in an increased SP.

 
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Last
$15.81
Change
-0.160(1.00%)
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) ?
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Last
$15.83
  Change
-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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