sentiment turning positive, page-19

My take on this situation is as follows :

1. The banks have already agreed to refinancing on or before the 27th Feb pending a few conditions being met! The reason I am so sure of this is because of the offer for Bridging Finance.

2. Oz is really in an "Informal Administration" with the banks calling the shots, and telling Makemepoor exactly what he has to do with the company i.e. Stop cash burn, sell an asset or two.

3. The Banks don't want to see a big customer like Oz go down. They stand to make millions out of them, so they will do everything in their power to keep Oz alive.

4. The banks "DON'T WANT PH SOLD"! If PH was sold they would NOT be oferring OZ bridging finance I can assure you.

5. I think we all need to look at the bigger picture here which is future CASHFLOW, CASHLOW, CASHFLOW! If Oz didn't have the potential to generate future positive cashflows and repay theit debt, then we would Definately be in Administration by now. To me the refinancing is a given.

And if anyone thinks that it was Makemepoor who decided to stop the cash burn, then I will spew in my weetbix again!

Just my thoughts.

Cheers.