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2,400 Posts.
521
16/02/09
22:20
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First - this puts a floor under the share price (while we believe the deal will happen.
Second - it allows the company to get past Feb 27th drop dead date from the banks - while still trading above 55c
Third - it allows time for Government intervention (if they choose to)
Fourth - it flushes out any companies who believe OZl to be worth more than 82.5c
Fifth - OZL get to complete commissioning of Prominent Hill & maybe revenue starts to flow before the dust settles on things.
Yes, we should sack the board & ensure none of them ever get another job in the industry - but at least we have a start.
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