OZL 0.00% $26.44 oz minerals limited

management lose 500million in revenue for 09

  1. 500 Posts.
    So shareholders, does that bother you or not?

    Their inaction and thumb twiddling has cost you at least $500million US in revenues for 2009 assuming no great pick up in metals prices.

    The current management cocked up the hedging f ozinc production on the small 145,000t from Golden Grove.

    Still would be at least $200-350million to the revenues if they had locked in 1.25-1.50 for zinc when it was trading at $2.

    If they had followed my advice and hedged the copper at 3.25 in July and early September when I lasted bother talking to the stubborn, thick heads. Even at 20% hedging they would be $45million US better off.

    Are you too thick to realise that so far managements inaction has cost at least $500milllion in potential revenues for 2009 they had control over. The 180000t of copper and the 145,000t of zinc.

    If you have not already committed to the shareholder action maybe this is another reason to lend your support.
 
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