I would call it lisenced stealing if it was to happen soon, not a takeover Arsenic.
( Brad Smoling, managing director at Smoling Stockbroking, said other players would eye OZ’s assets in light of the green energy push, and suggested a new offer could be up to A$30 per share.“Other buyers may be interested in OZ Minerals with many miners optimistic on the outlook for copper. Potential acquirers such as Glencore, Anglo American, Teck Resources, and so on are in very strong financial shape and able to bid,” said Jon Mills, an equity analyst at Morningstar.)
There are lots of options and hopefully lots of players, possibilites unlimited, even Newcrest with its management association to RXM . Could it be a joint venture like Tropicana. Great option.
In the meantime RXM needs to get funding, to get moving, time is of essence. My preferred option would be for them to sell the Gold mine and put it into Hillside Copper.
Interesting times for RXM.
RXM Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
(20min delay)