OZL 0.00% $26.44 oz minerals limited

ncm should launch a hostile takeover of ozl, page-13

  1. 13,093 Posts.
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    Why would NCM want OZL assets? and why would they want to go hostile........NCM has effectivly NO debt , no hedging , rising earnings, PE growth,massive reserves, falling costs and at least another 50,000 ounches of production coming online in the next few months and large development pipeline.......I dont think NCM managment is in any rush to buy assets from distressed vendors,,,,
    NCM is also in Indonesia and the costs recently blew out from the sudden fall in AUD, so another Gold mine in the area presents possible risks, risks that were just extinguished with the capital raising...

    Thats my 2 cents, and if they did make a bid,,,id sell every NCM share in a heartbeat
 
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