OZL
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0.00% $26.44 oz minerals limited

could a slide in the usd bail us out, page-2

  1. gobbledegook
    32 Posts.
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    11/12/08
    21:47
    Post #: 4597083
    The refinancing is the problem, not the USD. Even a 10% appreciation of the US dollar (66c->72c) before Christmas won't really dent the overall debt, especially if the cash burn is maintained. Lets hope they can use the remaining cash wisely and make the company a much more appealing prospect for refinancing and/or joint ventures.
    OZL Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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