There has been some speculation for some time regarding Oxiana's possible takeover of ZFX. Owen Hegarty has clearly stated his intent to turn Oxiana into a major mining house the size of WMC. Not to mention that ZFX is cheaper by the day, has plenty of cash and would be a strategic bolt on acquisition for the OX.
Read the post: "Oxiana upbeat on prospects for zinc"
here: http://business.smh.com.au/oxiana-upbeat-on-prospects-for-zinc/20080123-1npz.html
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oxiana could take out zfx after agm.
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