what is ph worth?, page-15

Unsinkable, think net debt is AUD1bil or not much more, but burning it everyday for a few months at least, the reason I fear they will sell the PRIZES is because they keep bringing them up in the media releases, they only ever talk about selling martabe and PH nothing else, they have said they have interest in all assets, but emphasise those two, and I reckon martabe will be an absolute PRIZE in the next few years.

When I voiced my concerns to Matthew Foran about not having a rights issue, the impression I got was the banks want assets sold! assets will be sold, (although they are considering all options) this is not the environment to even get resonable prices for assets. And as for a cheap insto placement - no thanks.

Will we have a say in the future of OZ, or do we trust those that have already gone against shareholder wishes, (with the OH payout). My trust is running low.