Its a crazy story really when you look at the wild ride that was Pasminco reborn as Zinifex then merged with Oxiana only for the combined company to fall over again when CBA wouldn’t refinance during the GFC.
Then if the government hadn’t blocked the sake of Prominent Hill as part of the stricken companies sale to MMG on national security grounds there wouldn’t have been an OZ today.
Amazing turnaround by Andrew Cole.
Would be a great fit for another CEO role, perhaps South32 as the next logical step.
OZL Price at posting:
$27.36 Sentiment: Hold Disclosure: Not Held
