Hi Alex,
Change of direction (read meaningful aquisition) and or change of management required.
The market's no longer buying the current course of direction.
I don't believe the lower it gets the more attractive for take-over either. The majors had the best opportunity to by OZ as a distressed asset 4 years ago and they didn't put their hand up then..
If they continue on the same course there will be more of the same imo.
cheers,
nil
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