As a LT holder of OXR stock and management. I tend to trust the judgement of management on the merger.
I don't profess to an especially good analyst of these things but won't the zinc price rise again in the future? Therefore doesn't this present a good time to buy ZFX and hold zinc as part of a growing diversified mining company? A company with more accquistion potential due to the increased size, cash flow and cash on hand.
Most mergers are debatable, I suppose but this one doesn't seem to have any raging reason why it is a bad idea for the LT prospects of the company and it's shareholders.
My main fear is a crasher to the merger which undervalues OXR. I prefer the OXR/ZFX option.
Anyway I've had a great week or so with BHP and GBG. I am happily patient with the OXR.
OXR
oxiana limited
