While out driving I came across to the realisation that this takeover is pure genius...
Why...
Well you buy a complete dog of a stock and get tied to a commodity that has no upside for 2-3years as per the own OXR forecasts.
No predator would consider a stock now 50-60% tied to a dog commodity just for some copper upside.
This was a genius move from the OXR team to stop any takeover from happening before 2010 at the earliest.
Seems they saw the best way to defend a takeover was to put it off for a few years and hope the shareholder believed the hogwash.
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- i stand corrected...
OXR
oxiana limited
i stand corrected...
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