OXR - Oxiana Limited

[oldblue]

I have been a holder of OXR for a while now and I have sold most of my holdings, at profit and bought some back recently. I think the company is now in a position to sit and wait for projects to mature. I think the share price has matured enough to prevent it falling back too much, but this zinc thing has really got to be replaced by some good commodity product. Zinc is just one of the many options for Oxiana and other types of commodities can be expensive to get into so the cheap one was probably the best option for the company board.

Zinc is now too big a proportion of the new OZ's output to be "replaced". It has become more a matter of " balancing " zinc and I see the company looking to add to it's other core metals, gold , copper, and nickel.
I doubt whether they have any plans to get into iron ore, but anything's possible.

 

[Joe Blow]

After the merger with Zinifex (ZFX), Oxiana (OXR) is now known as Oz Minerals (OZL). Discussion on Oz Minerals (OZL) continues here: https://www.aussiestockforums.com/forums/showthread.php?t=11797

This thread has now been closed.