Hang on a minute????
Why would there be a good announcement coming out?? Haven't some of you guys read the announcement?
The next announcement is the response from the current lenders in respect to if they agree or not, to give both debt facilities a extension to the 31 Jan 2009, so to give OZL time to negotiate with other creditors to refinance the outstanding debt.
Their cash flow isn't going to magically change. It doesn't stop the fact that OZL are having major problems paying back their debts and this will have a significant negative impact on the share price.
Wouldn't be surprised to see them opening up around 30 cents.
IMO don't touch OZL until Prominent Hill is up and running, with major technical problems if any are over come.
A lot is hinging on PH.
predictions tuesday?, page-37
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