am i missing something ?, page-3

marco - i don't think you will find any argument on the ozl forum that we are getting "far too less" for our shares but in fact we are getting exactly what the market is prepared to pay for them.

i still believe that bhp will step in with a higher offer but there doesn't appear to be any other potential bidders.

and i agree with your other point - the debt ratio is not an issue so why can't the aust banks stump up and keep ozl afloat? in fact why shouldn't they have some pressure applied to them by govt?

aust banks have been the recipients of 2 generous govt policy decisions -
1. the govt guarantee on funds
2. the banning of short selling of financial stocks on asx

every other sector on the asx has weathered its share of short selling and hedge fund manipulation. if the short selling ban on financials isn't extended after mar 9 you can say goodbye to macquarie bank (according to michael pascoe in the age).

the banks have been able to do their recent capital raisings on the back of their artificially inflated share prices whilst miners have had to agree to all sorts of punitive interest rates and conditions to get their capital raisings on the back of share prices which have been pushed down by shorters and other manipulators.

its time the aust banks did something to honour the favours they have been given by the govt (ultimately the people of aust). it seems a given that the short selling ban on financials will be extended - but imagine how they would scream if it were cancelled.

time to stump up and give ozl and any others a hand cba, nab, wbc and anz!