Ann: OZ Minerals disposes of stake in Sandfire, page-21

"Somebody could make sfr a really good investment with all the untapped potential of the doolgunna region."

What do you mean by this Dewe?

Are you saying that SFR, despite having spent tens of millions of $ on exploration in and around Degrussa and not found any new deposits, still has high potential to hit more (new) copper ore in its Dool tenements, incl TLM's land? If so, what's your favourite area?

As for Posco, well it's sitting on a very big profit, and despite where copper is atm price-wise, it may dip out and invest in another copper explorer so as not to miss out - like selling a house in a weak market and buying another in the same market. The irony for Posco (a steel manufacturer) though is that it became a CI (in 2008) as it liked SFR's manganese tenements and took an off-take on Mn and other some other minerals (but not gold and copper). That did not eventuate and instead, and only a year later too, copper and gold were discovered - bingo, the big price rise was on its way! So Posco got lucky, except no manganese of course.

It's possible though that Posco may not want copper and instead go to a metal connected with steel, if it wants to sell of course and also if a deal can be struck. SFR management might like Posco to sell, or reduce its holdings, as it is a dominant holder whose presence might be frightening off new investors = OZL. Maybe a case of '1 down, 1 to go'.