predictions tuesday?, page-8

Hi guys I have typed out the last paragraph of an article in the West Australian mentioned earlier “Battered OZ faces $850m debt crunch”. Doesn’t sound great at all OZL have a lot of PR to do. With so many other good opportunities out there why will buyers take a risk here while all this going on? Article also mentions Credit Suisse upset over why OZL didn’t disclose when refinancing deadline was actually due:


“It reported cash of $300 million at June 30 but losses at its Century zinc mine in Queensland and capital expenditure at the Prominent Hill copper-gold project in South Australia are forecast to have consumed all that and more. Losses continue at Century and first cash flows from Prominent Hill will not occur until next year. The cash squeeze has already prompted the deferral of the Martabe gold project in Indonesia.”