briding finance , page-30

I dont see them opening that high macau, the market had priced them at 55 cents prior to suspension and that was before market had realised ridiculous cash burn had gone through all the war chest from merger.

Now when they finally brought back from suspension they will have less assets and therefore less revenue generation ability. A lot of people keep comparing to PNA, well PNA got its finances rolled over at huge expense and dillution BUT still did not have to sell its prize assets. PNA simply rolled over the $80 million dollar debt facility with a total debt of $270 million.

It is quite different from the almost $1 billion that OZL owes as well as this new bridging loan on top of that. IMO Martabe will go, and the majority of PH unfortunate as it is. AM will then parade how great he is at been able to survive the industry downturn, crank his horn and then break out that champagne on ice.

The only good I can see coming out of this is that whatever assets OZL flogs off are hopefully bought up by Australian owned miners and do not fall into the hands of O/S competitors. This is a time when we as a country need to retain our assets, not sell them for dog biscuits to China.