what sucked me into this debacle was the excellent net cash position they supposedly had plus Prominent Hill which is long term quality
now we have a vortex of legal action and refinancing at the worst possible time
ah remember the heady days when the biggest argument on this thread was whether they should do a share buy back or acquire another company under duress
as for the legal action, I don't know but I would certainly say the directors have been less than transparent in the true state of the company's finances
now we cling to the desperate hope of an opportunistic takeover which not so long ago was a worst case scenario
what a bitch of a market!
OZL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
