Aside from ZFX's own direct future, today's Aussie business section had a good article on take-overs.
quoting Citigroup who think even BHP and Rio Tinto are possibles in this climate.
"...but zinc major Zfx is the most attractive of the big resource pays with sufficent cash to support a takeover at a 300 per cent premium..." (although they can't possibly mean triple the sp here)
"...ZFx is expected to be a prime target once it divests its smelting assets...Teck Cominco is often tipped as a bidder for ZFXand as is Xstrata ."
- bidding war betwen those two monsters would be nice!
Takeover of zfx is not new news, but interesting to see the smelter spin-off position making Zfx "the most attractive".
Think now I might just wait and see...
ZFX
zinifex limited
