OZL 0.00% $26.44 oz minerals limited

do we shareholders want to block martarbe sale, page-5

  1. 822 Posts.
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    The banks insisted on the sale of Martabee due to the refinancing fiasco. Negotiations have been going on for some time and the banks have been sweating on the sale .Unfortunately its another timing thing where the Martabee sale was in 99% of negotiations and completion and could not be stopped.
    Now OZ have one mine and plenty of cash . Most probably that there could be a share buy back to get issued shares to a reasonable figure and also to extend the life of the mine with further exploration and possible new discoveries.
    Some involvement with junior mining companies with nice addresses could be a possibility as well.Then there is a possibility of someone ready to swoop on OZ as a take over target.There are a number of twists and turns to come but I think OZ is looking a lot healthier now as it dusts itself off and gets up from the canvas after almost being timed out.
 
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