OZL needs $900m to survive
we can either get it from banks or via an equity raising
A lot depends on how these negotiations with the banks pan out, obviously
My sense is that banks won't give OZL the money unless they shut Century.
They may even want the company to sell Prom Hill, who knows.
The company may turn to us for the cash. In order to do that they will have to do a 1 for 1 @ 30c
But that may be a bit risky.
If they don't come up with a feasible plan shareholders probably won't stump up the cash.
I'd say most shareholders won't want anything to do with a cash burner like Century.
In my case if they want my money and Century is in the mix, they won't get it.
The only plan I am interested in a mothballing of Century and the continuing ramp up of Prom Hill.
If they don't do this I suspect that the share price will fall below 30 c
when that happens, it will be all over red rover
no money from the banks... no money from shareholders...cactus
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