Honestly if the banks extend or do not extend their goodwill to OZL...remains to be seen
However instead of blaming the banks has anyone actually thought that investing has its risks. The banks have their rights in not extending the loan if they want to. With curent environment the believe that they have good reason to
Xstrata down 70%, RIO down almost 80%, BHP down over half and the list goes on ....
Does anyone know if Century and PH are actually profitbale at these commodity prices?
Also how long will PH take for its Payback period considerign CAPEX.
I am sure the banks are doing their homework now
OZL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held