Slyasian & Ninnie 45, no disrespect here guys but you've got to...

Slyasian & Ninnie 45, no disrespect here guys but you've got to start "reading between the lines". What information we are privy to is at the mercy of the Oz executive, and although they are obliged to tell the truth, there is truth in what they are saying, but not all is being revealed. We are at the bottom of the information chain being treated like mushrooms.

The executive will convince you the safest decision is to say Yes to the current deal with MM, because it is complete pending shareholder approval, but lets say the Barclay boys have just come across information that suggests alternative refinancing measures have been "arranged" as a backup plan, i.e. when commodity prices rebound for instance the company is going to be more valuable considering the income potential of some Oz's mines. Gold, silver, copper, zinc, nickel and uranium. Doesn't this suggest there are interests that want to keep Oz Minerals as a going concern together with all it's assets. There is plenty more potential profit in the ground selling precious metals and the building related commodities to the likes of China & India for years to come.

Should the vote swing towards a capital raising as a result of a majority No vote to the MM deal then you will understand that among the top 20 shareholders there are banks & managed funds interests that are privy to information at the top of the chain, and are aware or not of the successful outcome of a capital raising to institutional shareholders at 48c/share. What a bargain price to pay for a company that has the potential to pay down its debt obligations, organise sufficient cash flow through its ongoing operations & plan a share buyback arrangement from continual demand of commodities by China & India, and as has been mentioned the price of gold & silver has broken to the upside of the 200DMA, copper will be dragged along for the ride.

With the threat of US$ losing value, reserve currency status & the US possibly becoming re-rated as a result of mountains of debt, is it a wonder Oz, as is, is suddenly being perceived as holding very profitable potential as gold move opposite to the US$. The banks won't have a choice when they comprehend the meaning behind a majority 'No' vote, and observe the alternative proposal of a capital raising to pay off the debt obligations. Oz is not obliged to sell to MM, there may be a break fee & if a 'superior' proposal clause is in place then the capital raising takes precedence in returning shareholder value as the company is now worth more then the miserly price it was negotiated to MM for.

Just my thoughts, but before you decide which way to vote, remember we are not privy to all the information the Oz executive, the banks and the likes of Barclays have access to. We are at the bottom of the information chain and that our decisions less informed.