I'm amazed how much positive spin is being put on this. Firstly, we had the shock of Friday's announcement, but the hope that negotiations would be wrapped up in a day or so. Now, we're suspended until the 29th of December....how bad are things if they can't get this issue behind them for up to a month?
Forget BHP.....they probably now smell blood, and will look to pick up PH from the recievers.
Also, I'm not sure how anyone can conclude that Michelmore's departure is the sticking point....where's the evidence for that?
OZL Price at posting:
$5.50 Sentiment: None Disclosure: Held
