Jump to content

OZL - OZ MINERALS LIMITED


colaiscute

Recommended Posts

  • Replies 11k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

Still pretty high, espcially at the rate they are burning money each quarter. I think if they didn't get the recent loan, they would have had another placement/rights issue...

 

They should make a profit this year, remember the cashflow.

 

The loan and raised capital is for the construction of the Plant, not for consumption.

 

 

Gerry

Link to comment
Share on other sites

Net operating cash flow the last quarter was - 59.8 million.

 

Raised $185million from rights issue, but only $61million dollars left.

 

Looks like they are rolling in the cash.

 

 

 

ANZ just loaned them 70million credit function, so they can stop issuing shares.

 

Anyway I have no interest in OXR at all good luck all...

 

 

Link to comment
Share on other sites

Hi Saber - cash burn?????? Use of cash flow is more like it. Look at the last annual - $88m in revenue - this isn't some explorer or biotech 'wantabe' living off their holders generosity, but a dynamic growning company producing gold and shortly copper.

 

Dividends - put the money into growing the company.

 

The loan was to finance the copper smelter, at a much lower cost and better terms by the company financing the initial developement through the profits generated from gold production - the loan facilitated quicker development and will be paid off in about 3 years.

 

If you're worried abou the POG or POC suggest you look at OXR's unit cost per unit - gold is current $135po - if gold fell to $270 they would still be making 100% on their gold production. POC is even better per unit - OXR will be a Copper Ox with a gold plate from 2005 on.

 

Gerry is correct in that, asside from ST swings, the real pay off with OXR is down the track and present values are only an increment of future values. Don't know if it will be another RIO as Crassus asserts, but do know that the people at the company are doing everything possible to try and make it so - as OH often says very convincly 'The best is yet to come'!

 

R/Ross

Link to comment
Share on other sites

Hi Sabre,

 

Date 20 May, 2004: "WeÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ve already

spent nearly US$115 million of the project capital expenditure....",

 

so yes, a considerable amount of cash has already been spent.

 

 

Gerry

 

 

Link to comment
Share on other sites

I agree another RIO is a bit far fetched. But if you hold it you be a bit more excited http://www.sharescene.com/html/emoticons/lmaosmiley.gif

 

It is taking up a lot of cash to set up it, well they have been given a lot of money so they will spend it, it all depends what people want to value it in terms of p:e.

 

They are doing a lot of projects as once, so they are using a lot of money, since its been very forthcoming.

 

Its main problem in the future and is the number of shares/market cap, thus in the longer term we will see if they can produce the large profits to sustain their cap/p:e. Its a bit like buying cisco for your grandkids at $100 a share, will it do it. I'd hate to be the directors if they don't.... http://www.sharescene.com/html/emoticons/smile.gif

 

 

Good luck all

 

PS - I wouldn't be surprised if OXR made another acquistion soon...

 

 

Link to comment
Share on other sites

Hi Gerry, nice summary on the OX a bit earlier.

The OX has always been transparent on its project finance structures but some people choose not to understand.

Interesting to see that the ANZ facility did not require copper hedging-the company still has insurance on the gold front with puts in place(which is not really 'hedging' as the market understands it.)

When you play around with Sepon it is also worth noting that its production costs will place it well and truelly in the lowest quartile-it will survive even the darkest winter.

Cheers,TAS

Link to comment
Share on other sites

Thanks Tasgarta.

 

Agree, a low production cost means everything.

 

So, at present we have the 24 ct golden OX and sometime next year March it will be a 9ct one (1/3 gold, the rest copper).

 

 

Cheers,

 

 

Gerry

Link to comment
Share on other sites

Is OXR going to take something over? Just strange that OXR hasn't really run off the gold rise that much, something is holding it back at present?

 

Any rumours or anything to explain current resistance?

 

http://www.sharescene.com/html/emoticons/icon14.gif

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...