Upside is still about 20%, on the basis it goes to mid sixties,...

Upside is still about 20%, on the basis it goes to mid sixties, so there will be plenty of interest.

I have no doubt that the bank loans will be rolled over, probably on a month-by-month basis:

(a) It would be unconscionable for the banks to pull the pin when there is a takeover resolution on the table awaiting government approval.

(b) Plus, OZ is almost certainly cash flow positive at current metals prices.

(c) Plus, they will no doubt provide banks (but not us) with full details of pending asset sales for their comfort.

(d) Plus, banks will probably get a faster and cleaner recovery anyway.

Just wish it would all be over with again so I never hear the names OZ, Cussack or Michelmore ever again.