IMO your not missing anything rebel,
This whole saga is just such a farce!
Even after the writedowns we only have a gearing level of 24%, this mess just should not be happening!
Where are these asset sales M and GG, what has happened to them!
Why do the aussie banks want to be paid out, what changed in the interim (metals prices improved) so why do they want out completely.
These are VERY important questions, we have not had them answered adequetly.
Until these questions are fully answered, we THE OWNERS are simply guessing, so what may look like correct figures, when working out asset values, is just guesswork, we will be the last to know, if we are ever told, what is going on at the table.
Did BHP make us an offer for PH!
If they did, then we need to know now!
If not then we also need to know now!
Is all this misinformation designed to frustrate and confuse us, we as OWNERS need to be told the TRUTH about what has happened and what is happening....NOW...
the value of prominant hill, page-17
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