KG, I respect your posts, however another take is, the company is trying to remedy the situation in the best possible way it can.
No-one likes to sack anyone, if time is needed to get thru then time will happen, it just takes time ????
What the company doesnt need is short sellers detewrmined to kill of a company,and as you say 4000 jobs gone, because our markets will allow us to do it.
How about people rallying around these companies that do emply our people, plus many others and with PH about to start,give the company support not kick it while its down.
To me the decision to suspend till finalised is the best any shareholder (except shorters) could hope for.
We invest in companies to see them succeed to be demolished.
Now when OZl gets the refinance, and no-one from the company to date has even uttered one word towards a capital raising, and when I spoke to the I was told point blank it is not on the agenda, it can go to the market saying we have resolved the issue about finance (which the market is scared about) we have secured funding, rolled over the loan, PH will be producing in a few weeks, cash will be coming in, commodities have firmed, China is spending,
I think the price of OZL will actually be ok.. I note that on SHY business Creditt Suisse has Neutral on OZL Target Price $1.20
If anyone has any facts re capital raising, or any facts that OZL themselves have said they wont get finance at all I would like to read them.
Until then its all inuendo and supposition.
That is why a TH till all organised is the best thing imo
OZL Price at posting:
$5.50 Sentiment: Buy Disclosure: Held
