Interesting reading your thoughts that Zinifex was sold a pup? The Oxiana assets are the cream of the company. The merger was supposed to provide the cash for completion of PH and reduce the debt of the merged entity but was whittled away to fund the Zinifex assetts that were running at a loss or shut down altogether! Zinifex did not bring any exploration assets worth a dime to the table (Dugal river will never go, nor do I beleive the Canadian assets will make it past the feasability stage) On the Oxiana side Sepon has continued to make excellent profit, Golden Grove is in the black and now PH is on line and ramping up as planned.
I think if there was a pup sold it was sold to Oxiana. I would have backed Hegarty to keep the banks on line and the Ox would now be in an excellent possition to gain from the metal price increased we are now seeing
OZL Price at posting:
61.0¢ Sentiment: None Disclosure: Held
