A deal without PH might be acceptable to MM. I agree with you blokes about keeping PH and clearing the debt - that might be the best outcome.
I also wonder how much of a hand BHP has had in the outcome. I remember reading comment pieces a while back that argued it wasn't good enough for BHP to lobby behind the scenes about the 'national interest' for the purely commercial reason of hampering rival bids. PH would be the one OZ asset BHP would want.
Mostly though I reckon it's that clown of a Fitzgibbon, and the opposition's obvious strategy to paint everyone from Rudd down as a sock puppet for China.
OZL Price at posting:
$5.55 Sentiment: Hold Disclosure: Held
