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OZL - Oz Minerals

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jancha said:
Lost a lot of money on this company due to bad management & placement of funds. Wouldn't put my faith back in them. Good luck to holders.
Click to expand...

It's a different proposition now; under new management; slimmed down to one class asset in Prominent Hill and with a bucketload of cash. A lot of promise but a lot depends on what that cash gets spent on, how the price of copper behaves and how said new management perform. And of course, there's still that big capital to service with a lot less assets to do the job.

I'm holding a few but wouldn't bet the house on them.
 
whats the old saying- "don't fall in love with a stock" also holds true with- "don't fall out of love with a stock", and miss opportunities to get some of your OX/Zin losses back.Too many shareholders panicked and sold out when the Chinese were making overtures towards the assets of OZL. The offer price was 0.825 and look what it is today and rising, even without Century, Golden Grove, Seppon , Averbury and the highly prospective Matarbe. Remember Andrew Michlemore has gone to run Minmetals and chairman Barry Cussack will be gone before the next AGM.
 
Did anyone notice the transaction list from Black Rock for OZL in the 5.21PM news release?

Black Rock now up to 12.61% of OZL.

Is it normal for an Investment company to perform so many transactions, looks a little "Gung Ho" to me.

Not sure of Black Rock's credentials, but if they are well regarded then maybe a good sign for OZL
 
Yes, a huge number of transactions but then the disclosure covers almost twelve months trading and about 15-16 entities across the world. No doubt they all operate independently (competitively?) so it's not surprising that there are sales there as well as purchases.

What is surprising is that Black Rock havn't been required to disclose a change ( from 7% odd to around 12% ) before now. I'm not sure of the rules but would have thought that an annual up-date was hardly keeping the market informed.

Seems that their interest in OZL has been a major factor in the strong SP performance recently. Long may it continue!

 

Black Rock have also been quietly buying up a lot of NCM lately too.

Does anyone know how much they are planning on spending going further underground at PH?
 
GumbyLearner said:
Black Rock have also been quietly buying up a lot of NCM lately too.

Does anyone know how much they are planning on spending going further underground at PH?
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That hasn't been announced. They are still working on the Feasibility Study which I think, from memory, is due to go to the Board in the first quarter of 2010.
 
Hi oldblue,

OZL gapped up on good volume today, I wonder if it has the energy to break through resistance @ $1.28?

Daily chart looks nice IMO:
 

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Having an absolute ball with OZL, follow it down in small lots and follow it up selling small lots - a little mechanical, but works for me
 
The anticipated rise in copper due to the expected disruption in Chile gave us a little blip above $1.10. At least gave me a chance to offload a few at $1.11.

Seems the $1.10 resistance point is proving hard to overcome. Quite a weak close today right on $1.10 - sort of have a feeling we are going to see a retracement back to near the $1.00 mark, if there is enough selling pressure it may even fall a little lower....

On the other hand, if we can get another peek over the $1.10, we may see $1.20 in the not-too-near-distant-future.

In either case, I am happy - I am quite enjoying the oscillations
 
OZL up an encouraging 6.36% today on good, and steady volume. I do notice though that the volume is on a slight decline - does this mean that the sellers are drying up, or the buyers are waning?

Correct me if I am wrong, increasing volume provides support for the direction of the SP, conversely as OZL's SP approaches the $1.20 - $1.30 resistance channel and the volume starts dropping off - can we assume that we may have trouble getting through this resitance level again?

I suppose that's what makes breakouts so exciting, OZL is likely to get to the resistance channel and the buyers will start to dry up - albeit with fingers on triggers if the SP breaches $1.30
 
OZL looks still caught at the resistance point of 1.20-1.30. Sounds like a good result for the half year.
But my thoughts are draw to their acquistion stategy.

"OZ Minerals indicated in its strategy announced last November that it wishes to grow its business through
the acquisition of mining projects, at either the exploration phase, development stage or in production, in
line with its preference in copper. Sources of available funds include the $1.43 billion in cash reserves and
continuing net cash flows generated from Prominent Hill. "

Does anyone have any ideas on possible companies that fit this profile?
Would love to hold before a offer/takeover deal occurs.
 
kash said:
Does anyone have any ideas on possible companies that fit this profile?

Would love to hold before a offer/takeover deal occurs.
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Maybe an EQN or CDU perhaps. Not sure of their real value apart from having a bunch of copper in the dirt.

Oz looks really looks good now with so much cash floating about and lessons hopefully learnt.

They could go for a gold company as well with PRU the pick for mine, although getting more and more expensive by the day. Should have taken them out 6 months ago.
 
they are the two i thought of that have the most advanced copper mines or potential mines. HAV have some copper. But best would be the rest of SFR. Why would they want to be a shareholder when they have the ability to own and run it??
 

OZ have paid a 3 cent dividend this year.

Kargara Zinc (KZL) have turned a $200 million plus loss last year into a $3 million something this year They were paying a dividend three years ago.
 
noco said:
OZ have paid a 3 cent dividend this year.

Kargara Zinc (KZL) have turned a $200 million plus loss last year into a $3 million something this year They were paying a dividend three years ago.
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Isn't Kargara a Zinc company?

Hmmm,

Maybe they are Kargara Copper.



Not having checked on their operations I'll accept this as a slight oversight.
 
They are mainly known as a zinc company but also has copper. Thalanga, a Copper Mine owned by Kagara Limited.
PAN is another possibility. Straits Resources Limited ?
Question really is mine in australia or overseas? Do they have a preference?
 

Rex Minerals (RXM) has tenements with copper apparently right next door to Prominent Hill. Allegedly, Oz Minerals executes look out over the RXM mines when they fly from Adelaide to Prominent Hill.

RXM's share price rocketed last month when they announced the extent of the copper in their project partly on speculation that RXM was a sitting duck for a takeover from Oz Minerals. More than doubled in the space of a few weeks, but has retraced a fair amount in the last week or so.

I do not hold RXM nor Oz Minerals. As always, DYOR.
 
thanks for that. it would save some money if they can use same infrastructure.
 
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