You are dead right Nil. A little lateral thinking clearly points to the two main characters in the sinking of OZL. Cusack , clearly out of depth, was frantically flogging assets at two and six pence and advising shareholders 80 cents was a crack deal for the whole shooting match at the very bottom of the commodities cycle Then step right up, AM , who was more than ready to move on yet again to another position with another company. Reseach Cusack and you will find he he has had a few Board positions = work out your own take on his history. He was propped up at Oxiana by Heggarty for far too long. Reseach Michelmore, the story of his many career moves and timing tell the story. A dark story marked by ego driven , career greedy individuals who were out of their depth and unable to negotiate successfully with bloody minded banks.
OZL Price at posting:
$17.30 Sentiment: Hold Disclosure: Held
