Enoch, by stating that PH is now in the national interest not only from a political point of view but now also from a strategic one as well, this raises it's status to one of must retain for the Govt.
Foreign entities will be closely scrutinised and regulated as in this case from conducting activities in the Woomera Prohibited Area.
Swann has basically given OZ the Govts backing on this. RuddBank here we come.
Some of the other dodgey mines will have to go, foreign banks paid off and remaining debt restructured with Swann and RuddBanks blessing.
This coupled with metal prices picking up, OZ is looking up.
OZL Price at posting:
$5.55 Sentiment: Buy Disclosure: Held
