Mark,
With instituitions now controlling the majority of companies, if you are not known or appointed by them, there is little hope. I will see what direction the company takes over the next 10 months. If I still have concerns, I may reconsider.
On another matter, I was doing some reading and came accross this
"there were shareholders who saw the prospect of a new OZ Minerals whose only assets were its tier-two Prominent Hill copper-gold project and $500 million of net cash as a very attractive pure play, one with a lot of upside given the prospectivity of the area surrounding the mine. The extra cash from Minmetals make that prospect even more alluring.
The assets being acquired by Minmetals are largely third-tier assets that not only dilute the quality of Prominent Hill but would have demanded a much larger funding base."
STEPHEN BARTHOLOMEUSZ - Business Spectator
It is an interesting point of view and I would agree with most of it. (I would haver tried to hold onto the Copper in Laos)
HT1
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