As a long time suffering OZL shareholder I have always believed that BHP would eventually take OZL out Prominent Hill...proximatry to BHP's Roxby Downs would make management easy just a hop skip and jump away(buy plane) people don't know but Prominent Hill shares the same power line and comunications network via BHPS Roxby Downs If OZL is cheap enough (which will be)it cannot be ignored with the bonus of one billion dollars in the bank and a 45% share in Toro which aims to be one of Australias premier uranuim producers. Remember TOE and Prominent Hill sale was rejected because it was too close to Woomera well BHP is closer to Woomera. Just my thoughts ....open for discussion.
OZL Price at posting:
$9.80 Sentiment: Hold Disclosure: Held