BigSky9, At this point I've yet to vote and am still unsure which way I'll go. I am being tugged between two emotions and two body parts...my heart says vote No but my head says vote Yes!
My heart says why should I hand a company I part own to a foreign purchaser at a firesale price when only six months ago my company had $1B in cash, assets worth some $6-$7B and a debt of only $800M - $1B. My company had 85% completed construction of a world class mine and had several other very worthwhile mines. At the height of the company's problems its debt to equity ratio was in the vicinity of just 24% - a ratio that on almost all occasions would be looked upon as wonderful, if not unacceptably low.
My head however tells me that if I don't vote Yes, the whole thing could go belly up because the people we pay to run our company have
decided they want to sell
have jumped ship with the sale
have nothing to lose themselves
are on the nose with the banks
If I could just get a belief that the management we are paying to run our company were still working in our company's interest, then I do believe a No vote could be beneficial...let's face it the GFC is diminishing, interest rates are at an all time low (for everyone but Ozl haha), banks are starting to lend again, capital raisings are being successfully undertaken, Prominent Hill is up and running, commodity prices are increasing...
If Oz Minerals was a government department there would be a Royal Commission, and I suspect there would be some very interesting outcomes.
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