AGM australian governance & ethical index fund

jinchuan to retain allegiance stake, page-3

  1. 1,862 Posts.

    AM has stated that Copper is a priority for ZFX/OXR.

    They have other targets to pursue. The market has dropped further, and continues to drop since the AGM bid started.

    With the merger, time is now on their side for the AGM situation to settle also. They can sit it out at 50-60% and see what happens.

    It's no big deal. Jinchuan is no problem either. ZFX hd a minority stake in a Canadian miner recently that they sold. ZFX know the drill.

    AGM holders ramping for a scrip offer may find they get forgotten about for a few years. I can't see ZFX/OXR pulling out all stopes to please AGM shareholders and Jinchuan.



 
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