Yes not a merger of equals with FMG. And perhaps limited synergies, but does OZL have to stick with copper as their only option? I understand they have an interest in Toro Energy TOE.AX which is a uranium hopeful. Just been reading the Silex SLX.AX investor briefing where they opine the demand for Uranium to triple over the next few years.
Not knowing at all where TOE is with its projects (and perhaps because OZL seems to be relatively quiet in respect of TOE - TOE may be nowhere) but my thinking is about expanding the OZL product line.
And then I suppose a uranium miner would have little synergy with a copper miner. But might this be true for all minerals/metals? They all sort of dis-alike.
redgum
OZL Price at posting:
$8.95 Sentiment: LT Buy Disclosure: Held
