how to keep oz oz, page-14

MONT, a true believer, if they have got you into that position/mindset, then I fear nothing will save us!

From listening/reading to quite a few news releases about the RIO/OZ issues, I think the instos/funds might be more accomodating than you think, they arnt happy, and can see this as a problem for Australia in the future, as we all can!

HT, I wasnt looking at doing a cap raising, board knocked back that idea as being to dilutive, from what I was told, though the dilution wouldnt have mattered, if you took up the offer, I reckon it was probably knocked back more as an ego/pride thing.

What I meant was, if enough interest to do an IPO with the sole purpose of holding OZs debt, it would be a seperate company, but obviously OZ and Australias interest in mind, if in the end it wasnt required, say a BHP bid then that company would be wound up and moneys refunded as a capital return.....I reckon from the lack of any interest in ways of stopping this TO happening....we have already given up..

also what happens if FIRB knocks the offer back, at least this would be option b for shareholders, currently mgmt have no option b.


cheers grant