if it happens it is probably a smart move by oxr. no doubt they got wind of some other player contemplating a move and made a pre-emptive move.
the cash is probably a key component of any other party's t/o motive / strategy. oxr only wants zfx (less smelter assets) - this will make oxr bigger, more attractive and they will get the $4 back in spades if/when another company takesover the bigger oxr.
plus he is giving zfx shareholders some cash, shares in another australian growth / potential t/o company and smaller capital gains tax exposure compared to an offshore based acquirer.
- Forums
- ASX - By Stock
- speeding ticket and no truth to rumours
ZFX
zinifex limited
if it happens it is probably a smart move by oxr. no doubt they...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online