OZL oz minerals limited

why are we selling anything now?, page-12

  1. 762 Posts.
    Things to consider:
    - pay the lenders in full;
    - thank minmetals for their generosity in this climate;
    - apologise to us shareholders & stakeholders;
    - thank swanny;
    - re-name the companyto prominence mining pmn etc;
    - make management that got us in this mess leave on their own accord or tell them to leave;
    - either sell martabe or hold but no need to rush and explore or prepare anything, basically put it on call or sell for a reasonable price.
    - let prominent hill provide positive cash flow;
    - then consider possible small and i say small acquisitions in the depressed market, possibly diversify in iron ore as it is down a lot at the moment- only in as company with grades of iron ore above 60% high grade.

    Then once all is well in the world, cross our fingers , slowly provide dividends at 30% dividend payout from the companies earnings, nothing major but a start in the right direction.
 
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Currently unlisted public company.

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