was ozl offered finance instead of selling, page-24

Good discussion here ? the PH delay and subsequent cost overrun would have also contributed to the cash flow problems in late 2008. Had PH been completed in October and on budget the cash flow problems probably would have been manageable. In my mind the key lesson here is to look closely at a company?s potential cash flow under a range of commodity price scenarios. Higher cost producers (such as Kagara) or companies with substantial CapEX underway (such as OZL in 2008) are generally higher risk?.so sell them first if things are going pear shaped.

Slightly off topic, but I was recently in Vagas and noticed James Packers 2 Casino projects are still sitting around half built. Another victim of poor capital management?I think he lost $2B