4:57:32 pm oz minerals update, page-46

Surely the most obvious thing to do is to immediately go to market with a discounted rights-issue - like many of the other listed companies are doing in this climate....
Raise as much as possible - which would have the ability to strengthen the balance sheet &/or extinguish the debt of the unwilling banks....
Negotiate with the willing banks for the refi on a smaller amount....

Gives time for future asset sales & allows OZL to retain PH....

Also means can have an immediate resumtion of trading (after the rights-issue) in the listed shares... Hmmm....Wonder if the Directors are worried about margin calls on a lower opening.....

Expect there is quite a bit going on behind the scenes ATM....