quick to release about media speculation. Shame they were not as quick between july-Nov 2008 about cash and debt position, and AM telling lies in sept/Oct what great position OZ was in, considering the envirnoment. I get the feeling AM did not have a clue, assumed eveything.
I think that any mining CEO will say: if you have a decent amount of debt, even though you normally dont want to hedge as your policy, you have to be relaistic when you have debt to reduce risk. His 2 eyes were not on the ball obviously. I hope his name will be mud in Aust mining industry, and companies will not be stupid to offer him anything. Hope MM give him the boot in the not to distant future, or he will stuff them up as well. He gets my vote as the most inept CEO of a mining company, an absolute clown, disclosure to s/holders in his tenure is no less than digraceful!!
May the flees of 1000 camels infest his armpits!
OZL Price at posting:
$8.75 Sentiment: Hold Disclosure: Held
