Whilst I am out completely at the moment this proposal changes things significantly and I for one will be waiting on the sidelines, waiting to swoop a-la Craig Bradley of the 80s with a sneaky handball if it comes to pass that all of the Zinc related assets are going to be flogged.
If it comes to pass - and nothing would surprise me with this mob - being a pure gold/copper play portends well for the future rather than having overweight zinc positions.
Sack the board, sack the CEO and let some cashflow come in -still think they'll need bridging whatever happens but at least it looks like there'll be no administration assuming the syndicate rolls.
Does anyone know the value ascribed to Sepon - what chances OH and his new vehicle will have had a look at this? He built it, knows it inside out and something i hadn't considered.
Might buy a few on the relist and see what happens.
Good luck
t
OZL Price at posting:
55.5¢ Sentiment: None Disclosure: Not Held