Go back to October Re: the takeover speculation of ZFX for OXR! I can tell you now the market was 100% wrong! The Ox was sizing up ZFX but the board was not 100% happy! Low and behold ZFX offloads its refineries in quick time! I know the top management of the Ox are zinc bulls like myself and have a vision of zinc substantially higher than the current price! The Ox will get a re-rating after this anual report. I predict $4.50-$5. Rumour was that Hegarty was getting ready to hand over the reigns as he has other interests. low and behold, out of left field he esigns as CEO for another 3 years! Something big is cooking! ZFX and the Ox know that it is merge or be taken over! ZFX profit estimates for 2007 is AUD$1B. OXR will be around AUD$700M. Prominent hill up and running from 2nd half of 2008! Not many mining houses that will be able to brag that they're making AUD$2B profit per year!! The zinc fundamentals are the best of all base metals from current prices! I suggest those that haven't done their research on zinc do so very quickly!
ZFX
zinifex limited
