Your comments are sound but I don't agree that BHP can wait it out. Their timing for this bid coinciding with a correction in the copper price is more that coincidental. When China puts a halt to their Covid lockdowns, Copper should recover and resume its upward trend. BHP's window of opportunity might be quite small.
I hold both BHP and OZL
Ann: OZL: OZ Minerals Rejects Indicative Proposal from BHP, page-59
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Last
$39.55 |
Change
0.000(0.00%) |
Mkt cap ! $202.0B | |||
| Open | High | Low | Value | Volume |
| $39.55 | $39.91 | $39.53 | $72.77M | 1.829M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 4060 | $39.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.55 | 524 | 7 |
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| Last trade - 13.01pm 18/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |