seriously, that letter, page-2

"3. Why didn’t you raise equity so shareholders could participate?
Prior to announcing the Minmetals proposal, OZ Minerals investigated the feasibility of raising equity, either by way of a placement to a cornerstone investor or to institutional investors or by undertaking a broadly-distributed offer to its shareholders. However, OZ Minerals assessed that, given prevailing market conditions, it would be unable to raise a sufficient amount of equity financing with sufficient certainty in the relevant timeframe required by OZ Minerals’ financiers."

$1.3bn owed/3.2bn shares = 40c

a 1 for 1 @ 40c

could they have raised this much?

and how long does it take to raise money?

like all you have to do is say we want the money within two weeks and you have it or you don't

this could have been their biggest mistake

remember copper prices are on the way up