OZL oz minerals limited

would hegarty be welcomed back at ozl, page-8

  1. 197 Posts.
    It seems the above posters are from the Zinifex camp

    It’s more like if Zinifex didn’t merge with OXR they would be stuffed

    The only profitable mines are OXRs, Prom hill was OXRs
    Where was Zinifex going to earn money from? Their cash balance would have dwindled away

    Zinifex had their day in the sun, but that was over. The best thing AM has done for ZFX holders was to sell the smelter and merge with OXR

    OXR could have done a placement at that time and raised the $$ needed to continue developments and not created as many shares as they have today.

    I believe having the billion $ led management to a false sense of security, they spent and didn't rationalise. No vision

 
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