“The OZ Minerals skeleton appears very vulnerable to a takeover,” Greg Canavan, head of Australian research at Fat Prophets Funds Management in Sydney, said today in an e-mailed note. “BHP is an obvious contender, given Prominent Hill’s proximity to Olympic Dam.”
With ozl now cashed up, debt free and holding a tier 1 asset. It is definetly a takeover target.
OZL Price at posting:
53.5¢ Sentiment: None Disclosure: Held
