We will see, i will remind you.Goldman Sachs analysts estimate...

We will see, i will remind you.

Goldman Sachs analysts estimate OZ Minerals’ $300 million net cash position at June 30 has now deteriorated to a net debt position of about $400 million, consisting of $900 million of debt and $500 million of cash.

At the time of the merger the combined market capitalizations of Oxiana and Zinifex were about $12 billion, but the merged group's shares have since sunk to 55cs, giving it a market capitalisation of just $1.7 billion.

They said that if the company is not able to refinance its project debt facilities into a corporate debt facility it may be forced to carry out an equity raising, an unappealing prospect given the weakness of OZ Mineral's share price and the turmoil on equity markets.

“If OZL's banks play hard ball, the company is in no position to repay or re-negotiate its debt today," Credit Suisse analysts said.

On the other hand KZL have just been given money by westpac who said they were happy with the companies ability to repay the debt