"""""I cannot answer that one. Nor can I establish why OZ Minerala , a major , after having raided Sandfire in the night, would be satisfied to stop at 19,9% ownership and not proceed to takeover. I find it rather puzzling as majors like OZ Minerals like to control rather than participate.
Nobody has yet provided me with an answer.""""""""
Roh
The answer is they don't have enough funds and their sp has collapsed ...to support a t/o using cash/share swap.
You may recall that M&G heavily invested in OZL and they discovered it was a lemon....like some other lemons they invested in ... .
CDU Price at posting:
$1.76 Sentiment: None Disclosure: Not Held