re: 48 Cents for OXR - Fin Review
The Financial Review stated last weekend.....
"Talk has it that the extra gloss on Sepon has revived Rio Tinto's interest in the project. Rio owned the project before selling 80% to Oxiana, with provisions to BUY IT BACK should Sepon prove to be world class. That may be some time off but Rio is believed to be considering supporting a funding alternative to IFC's package which includes an equity component IFC about 8%. Rather than being diluted, Rio is considering keeping its 20%, with some suggesting it might even attempt to move to controlling interest by taking over Oxiana....... etc etc."
OXR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
