Currently viewing Global edition

Clock still ticking on mining M&A

Australian brokerage Morgans believes the cash takeover offer for ASX-listed copper miner PanAust is suggesting the market is moving toward take-off. Optimistic or fair?

Morgans' reasoning features the semi-famous (in Australian resource sector market circles at least) Lion Selection clock, which was developed by the Melbourne-based fund in the 1990s and which