Its not a matter of Govt will save OZ. THEY MUST...
They have by their decision possibly caused OZ to go into Admin. They are politicians and politically they will get more negative response by their decision unless there is back office deals and negotiations going on that we are yet to find out about.
Surely they are not that naive to think that a response like "national interest" does not have grave consequences for OZ and real national interests.
I only hope that OZ can continue to operate with PH, yes sell a couple of assets (whatever), allow the Banks to see into the future, pressure our aussie banks to support OZ and realise this is what we all invested in, and get back to normal.
Very stressful, big potential loss, longtime holder and still hold (why ?)
OZL Price at posting:
$5.55 Sentiment: Hold Disclosure: Held