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OZ Minerals Ltd (OZL) $27.12

There is not a perfect science to our first point above but in simplistic terms after rallying strongly over the last 2-years MM believes its time for the resources sector to take a rest and if Labor does win it might just accelerate the sentiment against our miners – remember sentiment can often have a major impact on share prices over the short term. In the case of OZL it’s also likely to struggle if the global economy does slow down as interest rates increase.

This is mostly a risk/reward feeling towards a sector where investors are sitting on significant profits but an aggressive stance or simply talk towards emissions might see some people lock in their $$ and sit back and watch.

OZL
MM is neutral / negative OZL through 2022
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OZ Minerals Ltd (OZL)
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