Copper is getting hit again tonight..down 3% and back to 1.42 but I think it will eventually get back over $2 a pound...sad to see it so low.
I think everyone wants to see OZL work out good..those holding..those not...the banks and the company.
Its just hard times with credit and OZL has been in a hard place for a while.
Micaelmore seriously shouldn't be in the company..he has a history of crashing company's...not sure how he ended up at OZL but he should step down and get the boot to make the banks happy. He didn't even know the date refinancing was due.
Anyway....by the time it relists...and hopefully its before the end of Feb....things should be a lot better sorted and hopefully Prominent Hill stays in the portfolio....its not an asset that should be sold unless its the only option.
Good luck guys. Should be ok.
OZL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
