the solution, page-4

AJ, the company doesnt know what its doing. Its not you or I ....OZL keep making one bad decision after the other.



1. There is a global credit crisis and OZL/AM seemed oblivious to it.

2. A suspension in this market is almost universally bad. It means better come up with a solution fast. Michelmore doesnt have it as he got us into this mess with his zinc obsession. He is the CEO ...buck stops with him.

3. Bankers wont convert ST to LT without a painful plan. 4% cut in zinc was clearly not enough.

4. Im not skitso....the odds changed today. I call the football game as I see it. When someone drops the footy, and turns it over its a mistake...and it can cost you the game. Michelmore dropped the footy at the turning point in the game. He failed to appease financiers. He has ignored shareholder pain since he took over so the two people that give the copnay oxygen debtholders and shareholders he has ignored. He should go.


or ....
4. Get ready for break up value...and buyouts not miracle last minute refinancings. May happen but Im doubtful. BHP just want the baby (PH) not the labor pains (Century).

The banks will not take their foot of OZL's throat. The sydnicate will be screaming at each other now rest assured.
CEO should resign to help the situation.

Has to be a fall guy or two to blame. He wont go. thats why my view changed.

Peace.