What was all the fuss. For days now I have been trying to say "no real problems", (apart from management failures of course). Fear has been created by illinformed journalists and some panicing posters on this forum.
1. The offer from MM is a base offer that has passed DD and will probably pass FIRB. 2. The banks will not get their money faster if the company goes into Admin. So they will roll over the loans month by month if a solution is probable. 3. Another bid may eventuate. 4. If sales are made and PH is productive OZL can opt out of the MM bid for a fee and survive.
The minimum future of the SP should be at least 80c.
Those that promoted doom and encouraged others to sell in the last week are just as incompetent as the board and management of OZ have ever been and should take adeep breath and hang their heads in shame.
OZL Price at posting:
$6.35 Sentiment: Hold Disclosure: Held
