how much will we get if it goes into admin, page-7

Im right as if rogue forecloses...

1. The rogue bank will have immediate Huge loan book writedowns 30-50% on Resource loans, NPL's will skyrocket...and more capital raisings required quickly.

......And if the rogue initiates admin against OZL, the rogues' last capital raising could well be deemed "misleading and deceptive" for not disclosing to the ASX and market that their resource loan book will be impaired significantly by their seemingly hostile and possible unconscionable actions against OZL on tier one mining assets only 2 weeks later. This will cause an outcry.

Institutions will never trust the rogue again

OZL will then ask a court to assess possible unconscionable behaviour in their treatment by the rogue in the manner to which they will have possibly forced the company into admin without due process to raise capital.

All hell will break loose unnecessarily.

Refi gets done or the rogue and its management are in the Global Negative spotlight, and have alot of explaining to do globally.

Of course as at date the rogue remains a top tier institution...but what it could do in 2 days that could well define its true status.


Best course of action:

1. Refi extended until februrary 28 or Martabe can be sold

2. Allowing for a partial Rights issue to be performed in January

3. Syndicate extending debt tenor

4. CEO forced to resign

These are the logical steps the syndicate should take.

Admin is dumb for all stakeholders but then rogue banks and their management are not renouned for their intelligence in this affair. This is a chance to prove it though. If they call admin they instantly have a major NPL and all their resource loans will be called into question as NPLs.

Guess well see Monday ! D-day