smh article, page-2

Given the AGM is still a month ago, any reason why we should not be extracting a better deal from Minmetals ?

In OZL materials there seems to be no attempt to try for a better deal.

The valuation has the deal at the bottom end (well below his bottom valuation) of the scale.

If the amount is not varied, then pop an asset or two out of the deal. The banks have been paid and have the money from martabe is coming in. Remember ignoring shareholder loss, OZL has assets exceeding debt by several times. As much as the banks squeal, their money is safe and they are being paid higher fees than they would get out of the market.

Cheers