michelmore

ON FRIDAY MICHELMORE WAS IN SYDNEY SEEING THE MACQUARIE GROUP.

HE SAID OXR HAVE BEEN LOOKING AT POSSIBLE ACQUISITIONS. GUESS WHAT!!! HE SAID OXR BEING THEIR OWN COMPANY IS THE BEST VALUE MINING COMPANY BY A LONG WAY AFTER DOING THEIR ANALYSIS.

THEN IT WAS MOOTED IT WOULD MAKE PERFECT SENSE THAT OXR BY BACK THEIR OWN STOCK. WE MIGHT SEE A SHARE BUY BACK. WHAT IS THE OX GOING TO DO WITH MORE THAN A BILLION DOLLARS.

WHY MAKE ACQUISTIONS WHEN THE OX IS BETTER VALUE THAN ANYTHING ELSE.