Yes the cash burn rate is ridiculously high, which is why the banks are nervous about refinancing. I lost a bit of money on ozl, buying at 2.57 and selling at 1.85 after deciding to cut losses. I certainly wouldn't rule out 21c given the long term downtrend and their disappearing cash. The whole way down there have been people singing its praises but so far ozl has been nothing but disappointment to its shareholders.
