OZL 1.26% $14.86 oz minerals limited

target of 40 cents low metal prices for 8yrs

  1. 3,964 Posts.
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    I have been advised by industry directors over 2yrs ago that ozl was not run to its full potential.
    Low metal prices could be here to stay for around 5 to 8yrs. I see ozl earnings falling like a sinker and their nickel and zinc operations costing them big time in the near future. The market is very confused why zfx merged with oxr. The obvious answer is for diversification but zfx purchased a nickel operation at peak nickel prices, this tends to suggest the directors are cowboys. I believe you could see profits fall by 70% and this would reduce the share price to around 40 cents. Size does matter but so do profits.
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