SFR 0.66% $9.02 sandfire resources limited

sandfire takeover, page-2

  1. 5,227 Posts.
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    vcj,
    There has been a lot of talk on the OZL thread about whether OZL would make a move on SFR.

    Thanks for posting the article.

    I would appreciate your thoughts on one aspect of the article.

    It said "There is another factor at work in the OZ/Sandfire situation – the time is right and if it doesn’t move soon it might be gazumped by a rival keen to acquire the rich DeGrussa discovery and promising exploration prospects."

    Is this correct? Any takeover is normally for full control. OZL has a blocking stake (as does Posco), so a rival to OZL would need to make sure that OZL would sell.

    I personally think this is not a possability, but am happy to hear alternate points of view.

    HT1
 
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