BHP's bid for OZ Minerals highlights that the large miners see inherent value in copper assets.
It is easy to see what BHP would do with OZ Minerals and its projects, and how it would fund the $10 billion-odd cheque.
"The arb funds, who often prove to be important players in deals, reckon there’s little risk of BHP finding something seriously bad in due diligence, and have been buying it with their ears pinned back."
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
OZL Price at posting:
$27.41 Sentiment: Hold Disclosure: Held
