should not be trading, page-20

Buyer to Seller ratio is substantially better than it has been for ages (does that tell us something). Traders have made a killing on this stock over the last few months so why not keep it going - draw it out as long as possible -even better! Don't doubt plenty of insiders in the mix (conections to OZ, Banks, FIRB, Govt etc).

From my perspective 90 day delay could be a blessing. Rally in metal prices may continue so OZ could well be trading solidly cash flow positive and on the up. With the asset sale (if and when) cannot see the banks not agreeing to extend under these circumstances.

Under the above scenario I cannot see major shareholders voting to accept the current MM Offer. It will have to be a substantially better offer by MM or someone else. It is very possible now to see OZ actually surviving this disaster. However, Gold, Copper and Zinc prices are the critical factor.