was ozl offered finance instead of selling, page-8

Bigsky9

I have posted on many occasions about the crazy, unneccessary sale of Martabe

It was valued by some analysts at $362 mill. and we sold it to China Sci Tech for $211 mill when it didn't need to be sold, let alone at firesale prices.
Scumbag Hegarty knew the value of it and jumped right in on it and still has a connection with it via the next owners when China Sci Tech on sold it for a huge profit.

It has a proven resource of 2.3 mill ounces of gold and 30.1 mill ounces of silver.

It may hold up to 5.9 mill ounces of gold and 61.9 million ounces of silver (including the proven reserves)

Up to the sale date OZL had spent over $50mill there.

At todays gold and silver prices you can see how many $bill. the project would have been worth to OZL.

The other consideration is it would have well and truly freed us of the one trick pony tag and the share price would have been miles above what it is today.

Yes we were well and truly shafted by our board who it seems have been absolved of any wrong doings.

(still screaming out loud !!!!)