predictions tuesday?, page-64

Kenneth thats a fair comment. But companies don't review capital and operating expenditure's if there isn't cashflow issues. They also don't need to refinance loans!

Part of that $510mil is already allocated. Some of it will also be needed as working capital.

Possible PH will be fully operational in 3 mths but its unlikely IMO. If commissioning starts mid Jan thats only 6 weeks to iron out the problems. Although OZL have a quality contractor(Monadelphous) building PH.

The site is basically shut down for 2 weeks over Christmas which I find confusing since you'd think the directors would want this one up and running ASAP!! There will be a crew here but only skeleton. No incentives were offered so there was a lack of interest!

Who knows how the market will react to this debt problem. I know one thing, there is a lot of distrust from the holders and market in general. Anything to do with debt issues in this current climate isn't a good thing either.

I sincerely hope OZL can overcome all of this and prosper.