I'd be happy to contribute handsomely to a SPP inorder to save OZL, why wasn't this escape root not seriously considered months ago. WES recently executed a SPP to help bring down thier 4 billion debt.
Whilst watching the interview this morning I couldn't help but to feel that Mr Michelmore wants the company to go to the Chinese - it seems to me that he may have a vested interest for this to happen. This is my take on it.
And Yes! I'm a very disgruntled share holder. The rug has been pulled from under our (my) feet. 9 months ago OZL was worth 12 billion with a fanastic future. Now the company is valved at 2.8 Billion and yet it still has a fanastic future helped along with great natural assets, if we can only hold onto this company, I'm sure it could be worth around 4-6 billion with in 6 months. It's all about timing and cycles. OZL is being sold off at the wrong time - just hold on for a little longer baby!
Why haven't the management asked for our help with a SPP?
WHY? WHY?, Collectively, I'm sure we could find 300 - 500 million, throw on top some asset sales,and there you go- most of the debt Paid off!
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