us cash, page-87

As we know, the stock is rules by traders and the rest. Now the rest aren't going to dive in while BC is around and a few others, and OZL has no strategy.

What gets up my nose (and it happens to all stocks) is when execs benefit from upside that has nothing to do with them, e.g. metal price rises, the BHP Olympic Damp accident when the bonuses whould be tied to doing better than peers and things like FX losses factored in.
It should be about the extra value above a datum.

A survey a while ago in the US found that on average CEOs that failed earned slightly more that others. So for the top feeders there is no down side, they win when they fail, they win when things go well, and they do very well otherwise.

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Duplicate of post in announcement thread

Some simple calcs based on the post from horsetrader1
for $200 million for further work at PH.
Has to be in A$ for AU work...

$US rate 17/06 0.7960 10/06 0.9193
(source http://www.oanda.com/convert/fxhistory)

A$200M needed U$159 back in June
Now it needs U$184 today

That is a US$25M difference which is equivalent
to A$31 (June) to A$27 today.

As much as it disgusts me you have to pay execs extra to do their job perhaps we have to offer OZL execs and board members 10% of the currency rate savings and increased libor to do their job ?

Currently the potemtial losses on the cash exceeds a whole quarter of production profir, impressive.
Especially when you consider the rates have done what the market said they would.

Cheers