The Land reported Hazelwood (ASX:HAZ) may be a promising investment due to its tungsten production.

As quoted in the market news:

On the market, HAZ shares have drifted down to the offer price, so there is no instant profit to be had.

However, would-be buyers are outnumbering potential sellers by about five to one, which is sometimes a good sign.

The closing date for the rights issue passed without being extended, which is also a positive.

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