Ann: Response to an ASX Price Query , page-9

Greasyfast, how do you know for certain that 2m was from Ospraie? I heard as of a couple of weeks ago Ospraie's over hang in OGC was about 15m shares. does anyone have a clue as to what the overhang is now?

I also gather that Ospraie hold OGC's convertibles, which is a concern. Does anyone know when they are due?

A third issue is that of the hedges. There is some risk that the banks that wrote them my as for delivery, rather than rolling them over. OGC right now does not have the funds to take delivery. Does anyone know of the schedule and size of OGC's futures book this year?

Given the above, the appointment of an experienced CFO is important. The hedging and debt issues were what really hammered OGC. How they will be resolved will hold the key to the medium term performance of the stock.

Any FIRM info on any of the above greatly appreciated......


G