"Goldman Sachs JBWere ups Oxiana (OXR.AU) short-term rating to Outperform from Marketperform on strong production growth, falling exposure to gold. "We believe Oxiana will continually be raised as a takeover target - it is project rich and comparatively cash poor if it is to fund all the growth projects." Ups FY06 profit forecast 11% to A$93 million on lower costs reported at Golden Grove mine. Base valuation A$1.06, upside valuation A$1.36 vs latest A$1.235, down 0.5%. (MCE)"
Geekay
OXR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
