how much will we get if it goes into admin, page-4

of course Oz Minerals may be able to get more than 50% for their mines

michelmore says that there is interest already in the mines

"If these guys think they’re going to get it cheaply, then you know we know from the amount of interest that’s been shown, if someone can act faster they’ve got a better chance now than if they are actually put up to a formal auction," he said.


http://www.businessspectator.com.au/bs.nsf/Article/oz-min-$pd20081219-MGCJZ?OpenDocument

If this is the case then we may get more than 50%

we could get anything up to 60 cents a share

However a lot would depend on whether the banks would allow OZL time to sell the assets in an orderly fashion or if they say we want the money now and force the company to dump everything on the market

that however would lead to a massive fire sale in resource stocks and in the end wouldn't be in the banks interests

Perhaps then they will give OZL time to sell the assets

a good start might be if the banks extend until January 29

a very likely outcome IMO

(Of course figures from 30c to 60c might eventuate assuming the class actions fail)