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.
OZL Price at posting:
$5.75 Sentiment: Hold Disclosure: Held