alternative proposal- 48c raising?, page-28

Bigsky,

Thanks for posting those points. They are valid.

Perhaps i am wrong in my sentiments. Willing to admit that.
I just recall a time not that long ago when it looked odds on that OZL were going into administration.

Maybe given the somewhat stabilised markets they may win the support of their lenders OR a capital raising could be looked at as an option.

Regardless, Prominent Hill is by far their premier asset as I see it, holding Prominent Hill + $600 million odd in the kitty with zero debt is a damn good position for them to be in.

Just wouldnt want to see the company back on the brink as it was a few months ago.

Best wishes to shareholders.