OZL is a best-of-breed ASX copper exposure and would be easy for me to own for the longer-term.
The 'final' takeover offer provided by BHP is of course non-binding and indicative, with BHP working on its due diligence, so a deal is not guaranteed.
Oz Minerals’ assets in Brazil are modest and scattered and do not fit within BHP’s typical asset size or strategy. So, if there any red flags, it is likely to pop up in Brazil.
Time will tell. Another 2 weeks of BHP due diligence to go.
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:
$27.44 Sentiment: Hold Disclosure: Held
