One of the hurdles to Ozl making a full tilt at Sandfire was
the Korean stake of Posco's.
The original 19% that OZL grabbed at $3.80 odd ($100 mill.)
increased on TO speculation and got out of hand rising to
$7 plus.
During the PIGS saga they had another opportunity to move
when the SFR price dropped to $5 odd but showed no
interest.
If these rumours are true then now would be an opportune
time to again look at picking up the lot for around $5 to
$6 odd.(TO premium built in )
As OZL have missed out on North Parkes maybe now would be
the right time to pick up a producing mine to fill in the
production hole after the end of Prominent Hill and the
start of Carrapateena.
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