When Burgess should have grabbed all of SFR in the initial raid...

When Burgess should have grabbed all of SFR in the initial

raid at $3.87 our one mine status is now coming to the fore

I have always said that if there was a terminal event at

PH we would pay dearly for it.

To mop up all of SFR would have cost us around $400 mill

extra.

So what do our pathetic leaders do.

They give that money back to shareholders as a capital

return- 12c a share ($390mill.)Then they waste $233 mill

on dividends. Then they blow $200 mill on a disatrous

share buy back.

Then to rub salt into our already gaping wounds they

institute a calamatous 10 for 1 consolidation which puts

our shareprice into dark unknown territory at $18.

We would not be 43cents today, for sure.($4.30)

Every thing the "Guru" Burgess has done has destroyed

shareholder wealth. Now to top it off copper inventories

are skyrocketing and cu and au prices are falling.

Talk about a perfect storm.

Terry Burgess started at OZL on the 1st August 2009.

Since that day our shareprice has nosedived.

Maybe he started on 1st of April and this whole sorry

episode is just a huge April fools joke.