alternative proposal- 48c raising?, page-8

Does anyone know if current holders would be able to participate? Won't Morgan Stanley just be the underwriter to absorb any shares not subscribed for? If current holders can subscribe even 50% of what's on offer, this beats the current proposal hands down.

Has anyone been watching what happens to other mining companies pulling off successful capital raisings? It unlocks a tonne of value, value that is currently unrealized because of uncertainty of OZ minerals position. You could easily re-rate OZL to $1.20+ just having the debt rolled into a long term loan - so even though there's a discount, you have to remember it's immensely value adding to shares on the register.

No longer can Michelmore and co use the line a capital raising is impossible, this is unbelievable news.

Also, it can't be a Feb offer, because the board would be in deep ***te for claiming a capital raising was not feasible at that time - when 48c is a mere 10-15% discount to the trading price at that time.

Anyway going to crunch some numbers, they'll be rough as hell, but I think 48c is superior even if shareholders can't participate (though need to confirm).