As a general comment - I dont think Oxiana could have got such a...

As a general comment - I dont think Oxiana could have got such a great deal. I simply say this based on the fact that Newmont are no idiots and certainly dont p*ss thier assets to wind without extracting full price.

Secondly purchasing in an overheated market....well it speaks for itself.

At best I would expected Oxiana to have paid fair price or a bit more, and looked for value in risk diversification and perhaps some management synergies.

I dont how many shares were minted for this one but no doubt Hegarty cant keep his itchy fingers off the printing machine. For anyone hoping to see a share price above $1 dont hold your breath. The river of dilutionary deals will keep flowing.

Whatever value added from past deals, will be diluted by present deals to create future value to be diluted by future deals.

Apologies for raining on anyones parade but I just cant get excited by what I see Oxiana doing.