ozl speculation just out in london, page-15

BHP did not want to come and buy OZL prior to now because all but PH did not fit into it's strategy. Why?

Century - not long life -
Sepon, Golden Grove, Avebury, Rosebury etc too small for BHP.

It now has the opportunity to get what it wants without having to get rid of all the "small fry".

Price wise, OZL is not a distressed seller, the company has the opportunity to put up a good defence.

But remember, this is mere speculation from an analyst, but by the same token, blind freddy can understrand why BHP may want it.

HT1