quanny - Hold for sure even add at current prices.
The new smaller (debt free cashed up ) OZ will be a Take-over target for sure.....Yesterdays largish volume was the start of some position taking. Wait till the MM deal gets some real certaintly and you will really see some action.
I think it will be BHP that finally will show its hand when the time is right. How many HC followers will come at 80 cents per share! Valuing the debt free cashed up company at A$2.5 Billion.
BHP today could not find another Prominent Hill type deposit any where in the world and get it up and running (in a reasonable time frame) for this sort of money. To be "next door" to Roxby Downs makes it absolutely a "no brainer" that they will make an offer shortly.
Put yourselves on the Board of BHP - what woule you do????
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