Re-birthing is not without pain & I acknowledge that some posters are hurting somewhat - not as much as those with ABS, CNP and even HVN, MQG or any of our major banks for that matter. Still we have the right to expect the best!
Traders & shorters are having a short term picnic at present but, as with AOE recently, once their picnic comes to an end things can pick up very quickly when the fundamentals are publicly valued for what they are. Interesting to note the massive overseas cross trades late today - 6.6m @ just under $3 in just five listed transactions. IMHO this is an indication of how the SP has been manipulated down to allow cheap entry for perhaps 'sophisticated investors'; then again it could represent the exit of shorters.
I have every confidence in both OXR & ZFX separately and am excited re the opportunites & synergies the re-constituted company will have to the point where I've just freed $investment to buy more OXR & ZFX at even more attractive prices.
I must profess to disappointment with ppl actively promoting an XStrata takeover of such a promising & locally owned company - IMHO massively better opportunities & outcomes are in abundance & such a takeover would drive me to tears!
4YIO - NFA
OXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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