debt forces oz minerals to sell assets cheap , page-3

Grant Samuel's valuations are probably as accurate
As the market conditions are dictating, however one
has to consider the weak knee leadership of the
current Oz minerals management team with their
response to the banks pressure to sell Oz assets.
The banks need to be told to "back off" under the
current economic climate and wait!
Martarbe has been sold, (without shareholder
approval), Oz assets, (including Century & Sepon)
are in the process of being sold at a disgraceful
low valuation.
One wonders exactly what the agenda is of this Oz
management team, they are clearly not acting in the
best interests of shareholders, more in tune with the
best interests of the banks & just maybe Minmetals appear
to be getting one he'll of a good deal. No wonder Makeuspoor
is considered in such good favour with the Chinese & gets offered
a job to boot!
He may be a Rhode scholar, but he's certainly got a lack of balls
when it comes to dealing with the banks & other third parties.
Had OH stayed at the helm it would have been a different story,
(though self interests played a major role in his dealings).
This popular stock/company is being screwed by apathy & lack of
effort, plus the all popular rationale of the banks pressuring Oz
to sell due to the "debt burden".
We as share holders have a choice, if we say "No" to the Minmetals
sale, the exec will either have to renegotiate with financiers/Minmetals & we risk being put in the hands of receivers, or say "Yes" to a flacid & pathetically poor deal currently being proposed.
What say you? It's our choice & our hard earn dollars!

in the hands of receivers