OZ dampens hopes – again

Takeover fever caused a surge in OZ Minerals share price this morning. But the company quickly cooled that idea.

It is difficult to imagine a company more adept at wealth destruction than OZ Minerals (OZL) and so it was little wonder speculators relished the possibility the company this morning was a takeover target.

Unfortunately, OZ has since poured cold water on their hopes, which has become something of a pattern at the ill-fated company.

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