rumours of a takeover....

for near on 8 years on this thread there has been rumour afeter rumour of a takeover of the Mighty Oxiana...plucking the share price out of the doldrums and sending it rocketing higher...only to fall back as traders took their profits.

The rumours amounted to nothing. It seems unreasonably to accept that in all this time, no-one ever wanted Oxiana's assets, no-one ever made a single play for the company, no-thought that Oxiana was cheap...it was all just wishful thinking on the part of shareholders and the media (who like a good juicy story to sell more copy).

Today, with Oxiana trading at a near 2 1/2 year low, where are all the rumours of a takeover. Some here suggest that, despite the low share price, the merger with ZFX has made Oxiana untouchable and anything but cheap.

Well, despite the fact that...

1. there is no fenetic speculation of a takeover
2. or that some shareholders think ZFX and the zinc price is a millstone around Oxiana's neck

I have bought in today. I suppose that I have always been a bit of a contrarian :)

Just a relatively small stake. Why? because I still like the fundamentals AND because I smell investor capitulation based on overwhelmingly negative sentiment express by posters on this and other stockmarket forums.

DYOR
And best of luck!