Today I phoned Oxiana and spoke to David forsyth..the company secretary.I told him that I have been a long term share holder and that i had purchased 60,000 shares at 3.35 I had asked him to explain why I as a shareholder do not get a chance to cast a vote on this merger. He sounded like a goose with very little to say but that he was flabergasted by the decline in the share price. I asked him to consider pulling out of the deal as I dont like losing money here. He told me that it was for the better long term. Then I said "So when will Xtrata take over the new merged company" I swear folks..there was at least 3-4 seconds of silence. His answer was that he knew nothing about such a move. It has become evident to me that there will be a takeover...and it will be some time very soon. I Wish you people could of listened to the conversation. I think i out witted this guy with some common street smarts. All should work out ok i hope. One would think that even if 4.00 was offered per share it would be an absolute bargin for Xstrata and would get most of us suckers out of the hole we are in. I invite your comments.
OXR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
