hi guys
great to see some constructive posts from intelligent posters.
ZFX is flying with $1 bill last year and $2 bill this year.
OXR is the obvious takeover target imo.
it has mine life, new mines coming on line and is diversified in countries that zfx is not ie china, etc. It has exposure to all metals that zfx like but are not heavily exposed to.
Partner1's nonsense post re a takeover of zfx by oxr is the less likely scenario. OXR is out of favour and trading on a low PE so it makes it good buying ATM.
Add to this the fact that ZFX will have $2.4 bill (i think) from the smelter spin off and that it is widely acknowledged that ZFX need to aquire mine life to be re-rated. ALso Greg Gailey said in a Board room radio interview that they may spend that money before they have it so as to avoid being a TO target.
I hold both but see the TO of zfx by oxr as the least likely outcome. How would they raise $12-$13 billion????
cheers andrewe
PS if you havent listened to OH on boardroom radio, do yourself a favour.
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