xmeister imo bhp sat on there hands too long.Could have picked a steal with ozl . To ad insultto injury they had a ready and willing buyer for rest of the assets. Now with no debt 600mill cash and a cash cow like ph who really is in a big hurry for takeover. time to sit back and take a breather and work out just how much can be made from ph. All i know anyone wanting ph now will have to pay massive premium. All the big boys lined up at the administrators door waiting for a bargain. too slow boys .As for everyone getting out theory well not from where i stand volume was big but not alarming . if this deal goes ahead the risk is gone . people are talking but what about growth. what about it in an economy like we have now who cares metal prices will be our growth.
OZL Price at posting:
$5.35 Sentiment: LT Buy Disclosure: Held