Geeze, you guys must have nerves of steel. I held (and continue to hold) my shares too but I never saw it as a sure bet the banks would extend, especially after the trouble OZ has already had with a couple of them.
To me it seemed that if the banks decided they couldn't afford to extend the credit, the fundamentals wouldn't have counted.
A lot of resource stock holders (and particularly OZ holders) have probably heard enough about 'fundamentals', 'world-class assets' and 'that's less than the cash backing'. Who can blame them - it counts for bugger all if the company that holds the mines can't get its business right.
Anyway, all the best guys. From here you'd think the FIRB would pass it and we'll all be better off for hanging on.
OZL Price at posting:
$6.40 Sentiment: Hold Disclosure: Held
