daniel - it does change things a little. depending on the price for martabe and gg i imagine debt is down to ~$700m - the aussie banks could refinance but would need some pressure from govt i think.
martabe and gg sale also makes a BHP takeover proposition even more likely.
with ph in production maybe it can be saved - but i don't want it to be saved with these clowns in charge.
a BHP all scrip takeover would allow OZL shareholders to realise their long held dreams of sharing in the spoils from a mine we have wet-nursed for many years and finally got into production. it also solves FIRB dilemma and BHP get to look like white knights - it's a script written in hollywood.
OZL Price at posting:
$6.65 Sentiment: Hold Disclosure: Held