Lets put this in perspective - Oz has a great pipeline of projects - some near completion others well on the way - BHP know well the cost of bringing these projects to market and would fully appreciate the money already spent by OZ - if commodity prices are not tipped to come back any time soon maybe a takeover is dead but it would still make sense for BHP to bank the OZ assets in the short term - lets face it - Oz would not cost much more than their Ravensthorpe Nickel mine in WA and Oz is worth way more than that!!!!!!!!!!!!
Oz is just small change for BHP - sure they may have owned some of the assets before - but they are proven now
If BHP has a longer view and they have been very bullish about prices returning sooner rather than later - they would need to have a brain explosion not to consider Oz at the current basement prices
OZL Price at posting:
$5.50 Sentiment: ST Buy Disclosure: Held