You could be right Nickel, but I don't see how another bid could be put to shareholders with enough time for them to absorb the details adequately. It more than likely would require FIRB approval (another delay) and could it include PH. (assuming no BHP)
Another scenario is that a takeover offer may come for PH after New OZL comes into being.
Maybe the Board is negotiating Golden Grove or some other asset to stay with PH as compensation for surging prices and lower dollar.
I just cant see the timing being right
The danger with all of these possible proposals is a decision at the AGM may be based on emotion not fact.
OZL Price at posting:
$9.40 Sentiment: LT Buy Disclosure: Held
