I do not hold, but I would be absolutely infuriated at the the board with this outcome.
Not only is it an extremely low-ball offer for all of the assets that OZL, but it is once again selling our strategic assets to foreigners for a song.
Shareholders MUST reject this offer unanimously and definitively, and must now pressure the govt...write to your MP, and ask why assets with such enormous potential such as PH are not being bought by the federal govt, in place of handing out money that will most likely be spent on cheap foreign imported goods, plasmas, alcohol etc...so now not only will foreigners be selling us value added products, but they will also own the raw materials needed, which were extracted from our shores to begin with.
It is absolutely disgusting...I think holders would receive a greater return in administration.
The FIRB MUST reject this, and the government, which seems to have plenty of money to throw around, MUST step in.
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