Hmm
Mx Friar Tuck's wooden leg has lost me!
Don't forget that MM is a Chinese company. They are in this for the long haul. I heard over the weekend that what the Chinese (and to a leser extent Indians) are doing in Africa is similar to what the colonial powers did previously. ie go in and exploit the cheap labour, lack of regulation and corporate visibility to get at the wealth.
Exoect a lot more action from Chinese companies in Africa (and probably less in Australia).
The Chinese are looking for and taking long term strategic stakes and are therefore willing to take a few risks.
Good to see OZL bouncing back towards where I think it should be at the moment ie around $1.70.
Like the Byron boy, I do expect a bit of a pull back in SP during the 3rd - 4th quarter as a result in dropping copper price arising out of reduced demand, but not to the levels BB suggests and not in a panic state.
Regards
- Forums
- ASX - By Stock
- OZL
- minmetals bids for equinox
minmetals bids for equinox, page-7
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online