Tuesday, September 14, 2010

OZL won't be passive with Sandfire Resources

For those that have a copy of the Australian Financial Review (AFR) from yesterday there was a nice little artice on page 18 regarding the intentions of OZ Minerals (OZL) and their stake in Sandfire Resources (SFR).  The article details how the OZ Minerals chief executive says that the company will not be a passive shareholder in any of the companies that it invests in (including Sandfire Resources).  He goes on to say that OZ Minerals will not be an investment house investing a bit here and a bit there because investors can do this themselves.  This suggests that any company that OZL invests in could be a takeover target as it will simply not just 'sit' on an investment.

Unfortunately I cannot provide a URL link to the article because AFR does not provide the full story unless you are a subscriber.

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