some news or an update !!!, page-2

You would think that one or more Australian Company would make a offer for these assets and not let yet another Aussie Asset go to an oversea hands.

How many years would it take to get your money back on your initial investment? Not VERY long - maybe 2 to 3 years and then your have - how many OZ's in the ground??

Have seen this all before.

ie Santos did nit bid for Petzos had 10% holding in Timor Gas Project that now earns about 10 of Millions for their 10%. Brought out by C/Phillips for pocket money $150,000,000 or so.
Santos again did not bid for Oil Search when they where at 0.60 Cents - MC $650 Million at the time Which included the merged PNG Interests and Oil Search.
Mind you Santos make a last minute bid on the PNG interests of around $600 Million before the 2 merged. How silly is that not buying the merged group for a liitle more?
Oil Search Now Valued at $9 Billion -what a buy that would have been!!

And the list goes on - remember Novas Oil, The Boral De-merger . These are just some that come to mind

So what gives with this

OZ Min has got the $$ Why don't they consider a takeover??
Would double their Gold production!!

Just some of my thoughts - Cheers