The Chinese to by something at an 'elevated value' from OZL?? You have a short memory redgum..
Oz is in the business of establishing, running and aquiring copper/gold mines, not taking speculative positions for a trade gain.
A lot of questions re the consolidation were asked by shareholders at the OZL AGM and why it was required, the chairman, frustrated, couldn't give a straight answer.
Taking over Sandfire now with OZL paper after a 10 for 1 consolidation just makes too much sense to me.
Cheers, nil.
OZL Price at posting:
$13.55 Sentiment: None Disclosure: Not Held