latest news - the deal is agreed by ozl & mm, page-8

"Helaluya, Helaluya, Helaluya" if Michelmore (Mr. Bean) steps down. About time, with his ego i wont be suprised if the clown wants to stick around


In the meantime, OZL has $1.3 billion worth of debt due tomorrow. Whatever happens, Hodge said it will be difficult for chief executive Andrew Michelmore to continue.

"If Oz Minerals somehow gets rid of its debt and continues to trade, I would expect Andrew Michelmore to step down," he said.

With Michelmore at the helm, the company paid $852 million for Allegiance a year ago. Allegiance's main asset is the Avebury nickel mine, which OZL shut late last year.