AlbertE,
HT has summed up the argument well.
If anybody was going to make a play it should have been by now. As the SP improves the price for a takeover also goes up. By the end of the year a takeover price could be 43 times what it was a few months ago when the SP was 80 cents.
Don't get me wrong though. I think OZL is a very atractive company now, and personally I think BHP are blinkered in not considering a takeover. I agree with their strategy re tier one assets, but wheb you already have major infrastructure in place for an existing tier one mine, any tier two mines should become more attractive, particularly if they are up and running with reasonable life. and upside.
AlbertE and HT thanks for your analyses and figures. They add considerably to the value of this forum.
Ht there seems to be a bit of noise re an OZL tilt at SFR whereas CDU is likely to be fiercely resisted.
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