a final call to the board, page-4

They say you should never fall in love with a company.....Let me say I don't think there are too many shareholders currently in love with this company.

The ground has shifted from being a shareholder of a company with prospects to being a shareholder of a company whose directors have 1) stuffed up 2) given the perception of not being upfront 3) have laid down like a puppy having its belly stroked!! The shareholders are not in love with this company, they are now furious that they are seemingly being taken for a ride!!!!

Let's just reflect...

OH's payout was rejected by shareholders and yet was paid anyway
$1Billion in the bank and we were told the company was ready to clean up as others got into trouble
$1Billion in the bank all of a sudden GONE and yet no aquisition with that money
One bank was a rogue; yet all of a sudden ALL banks want their money back
Sale of Martabe was imminent (in January) yet occurred some three months later
Martabe was supposedly imminent to OH and yet didn't occur until it was ON-SOLD after the original sale
The Minmetals deal was an all encompassing solution and yet Martabe still was sold...interestingly ending up in OH's hands
When the gov't knocked back the original offer of Minmetals to purchase the whole company, it took only a couple of days for Minmetals to happily have a revised offer which excluded the prized jewel-in-the-crown (Prominent Hill)
The CEO of Oz Minerals, at the same time as negotiating the sale of Oz Minerals is also been nominated as the new CEO of the overtaking company Minmetals
Andrew Michelmore was not stood down once it became known he was negotiating the sale of Oz Minerals assets to his own new employer
The Oz Minerals assets are being sold off at firesale prices (confirmed by an independent - Grant Samuels)
The Oz Minerals board is very firm in its rejection of alternative options
The Oz Minerals board has never indicated they have approached Minmetals to up their offer now that financial conditions have improved
The Oz Minerals board has never indicated that they have approached the banks to see if they (the banks) would reconsider their position now that conditions have improved - yet Ralph Norris has suggested a positive view is possible

No, this is not about being in love with a company...this is about far more concerning issues, and I for one don't like the odour!

If Minmetals really want these assets they can and would likely pay more for them...they just need to be asked...worst case scenario is we fall back to the RBC proposal

Vote NO!!