OZL 0.00% $26.44 oz minerals limited

tony sage to the rescue, page-11

  1. 14,120 Posts.
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    the clock is ticking

    dec 29 is getting closer

    if they don't do a capital raising or sell some assets soon it will be all over red rover

    I think the company is going to have to extend until January 31

    I can't see us coming out of suspension for another six weeks.

    All possible ways of raising captial take time

    a capital raising would take at least three weeks. the company would probably have to inform shareholders ... one week
    another week to make up their mind

    same story for asset sales

    any company wanting to buy OZL assets will have to have time to do due diligence on the project they are interested in

    someone would have to go out to the project and inspect it...look at the books etc

    that'd take a while. maybe three weeks
 
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Currently unlisted public company.

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