oz mins gets $1.5bn rival offer from banks, page-10

"OZ Minerals notes the recent media speculation about possible recapitalisation proposals.
OZ Minerals has not received a recapitalisation proposal which it considers to be a superior alternative to
the China Minmetals transaction."

Don't believe this statement

Recent OZL history proves ONE THING CRYSTALLY CLEAR

This management is BEREFT of JUDGEMENT
and here is why

(1) Could not read the market and allowed 1B to be burned
(2) Could not see that the JV was clouded in danger
(3) Would not level with shareholders about the burning of cash
(4) Did not preempt refinancing because they could not appreciate the depth of the GFC on possible refinancing
(5) Did not hedge against commodity price deterioration
(6) A deal against shareholders wishes to remunerate 'stronger for longer' Hegarty
(7) A nice job for Michelmore as CEO for MInMetals....a clear prteference for MM over OZL

The behaviour of this board to this time is breathtaking in its audacious disrespect for OZL shareholders.

We have been fed S_HT

Be angry