OZL 0.00% $26.44 oz minerals limited

swan blocks chinese takeover of oz mine, page-102

  1. 18,456 Posts.
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    "minmetals has expressed an interest in getting the other assets

    perhaps share holders will end up with Prom Hill and Minmetals will get the rest for $1.3bn


    minmetals could get about $1.40 worth of assets for 36c per share

    banks will get their money

    that would leave oz minerals share holders with Prom Hill
    or 50c"

    Yes KG...and isn't that probably a better deal than having MM walk away with PH as well?

    For Oz shareholders to be debt free, and hold 100% of PH would be a good outcome in my view, and essentially what I have suggested for some weeks. What would PH be worth at the top of the next cycle...$4, $5 a share maybe?
 
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