I think if Swan postponed his statement until tomorrow, it will lead to a better outcome, why?
1. OZL should be able to extend the loan for at least 1 month, with the possibility to extend until Sep.
2. Once the statement is made, OZL would have more time to negociate with MM for an alternative deal or explore other options. Based on the current situation, there is no much say from OZL on the negociation table.
Anyway, it's good enough to know MM still wants us and OZL can still exist as a company.
OZL Price at posting:
55.5¢ Sentiment: Hold Disclosure: Held