the age article

Just read the following article in todays Age

http://www.theage.com.au/news/business/oxiana-shares-rise-on-takeover-speculation/2007/10/31/1193618973442.html


The last paragraph is an absolute joke, especially JP Morgans 12 month valuation. They're placing too much emphasis on the cost increase of the Prominent Hill copper/gold mine which is not worth mentioning in comparison to the $$$$ that will roll in. In my opinion these "experts" are deliberately downgrading to pick up the Ox very cheap because they know there are heaps of $$$ still in the ground. They know the Ox will announce another record profit as they have always.
Did BHP cop a similar downgrading for the delay of its Ravensthorpe nickel project? I don't think so. It's all just scare mongering for long term holders to sell up. Something to think about.

Cheers Evan