us cash, page-74

Here are the libor rates :

http://www.economagic.com/libor.htm#US
http://www.economagic.com/libor.htm#AU

Basically nothing from the US.

You won't find any other business willing to loose on FX exchange and get zero return, so with inflation, US libor is a loss.

The OZL position is bizzare. It is either total incompetance or having found themselves in a hole, falling back to the OZL of old. e.g.

http://www.asx.com.au/asxpdf/20080923/pdf/31cg0lwhh4wrr5.pdf 6 weeks before it went south
"We have a strong balance sheet, no net borrowings and the ability to generate healthy cashflows. At a time when the world's financial system is in so much turmoil, this is an enviable position to be in. We have a strong pipleline of growth projects stretching out over the next decade, and are financial capability to finance the pipeline without being beholden to the financial markets."
http://www.asx.com.au/asxpdf/20081119/pdf/31dnyqjlkg3844.pdf ASX query, OZL denying any issue
http://www.asx.com.au/asxpdf/20081128/pdf/31dx44s246cjl4.pdf Trading halt

No one was prosecuted or fined over this. So why wouldn't you think you can get away with bad governance ?
I am labouring the point it is about time we got a management / board able to demonstrate they are up to the task.

Cheers