re: Ann: Executive appointments announced for... Agree Mark,The...

re: Ann: Executive appointments announced for... Agree Mark,
The new, smaller team, based on the published resumes, appears capable to do the job. From my reading, it does not appear to be a "B" team.

On another matter, I read Don Argus's speech to his old school in Brisbane. It is well worth reading and can be found on the Business Spectator website.

Don has a view that the recession (and recovery) will be long and drawn out. Don asserts that access to capital will be difficult and getting loans for big projects will be harder. Although the MM deal is a lowball bid, having OZL come out with cash and an income producing asset may be better than a balance sheet with debt.

HT1