And look at MQG share price today, up over $10 with the announcement that Financial shorting to be banned in the UK until Jan 16, 2009.
Don't worry mich903 at least OZL is not paying off it's Amex with a Mastercard and using a sub-prime debt leveraged on a deflated asset worth less than mortgage taken out on it. Sub-prime is only the beginning, just wait for the Alt-A's to kick in.
OZL has GOLD and plenty abundant resource in the ground. It also holds over a billion in cash, so it doesnt have to worry about begging these overpaid imprudent financial institution lenders for any capital in the near future.
These same shorters will have a lot more in store for the short-sighted banks who are holding onto promises that cannot be repaid, no matter how they try to "intervene" to avoid the meltdown. IMHO!
I hold. DYOR
OZL Price at posting:
$14.50 Sentiment: Hold Disclosure: Held