OZL can do a BNB or AIO but they have to remove the ceo, Andrew...

OZL can do a BNB or AIO but they have to remove the ceo, Andrew Michelmore effective immediately.

BNB got rid of Phil Green and Jim babcock.

Its just logic.

RIO is now presenting a bigger problem for the banks, not OZL. I said immediatelty that when all this started last week.

OZL is not highly leveraged. The exposure for each bank is managebale and minimal.The company is a great company and could emerge very strong from this if its is allowed to survive to become a cash cow and may even accumulate rio assets in a year or two.

Like I have said all along its RIO/FMG in big problems if OZL cant get rollover financing. If the banks help OZL their risk exposure to rio and others will actually improve.

This rogue bank is by default casuing its own demise and causing its resource loan portfolio to drop in value significantly....e.g RIO.

This rogue bank is acting dumb like the OZL CEO and board of OZL. Ever see that movie...Dumb and Dumber ? )

Keep the optimistic opportunistic posts coming..as I need to be cheered up today.

Peace and justice.