what's the fuss?, page-4

nursery,

good to see a sensible post.

I agree, there seems to be too much of a fuss made out of this. I think all is under control and the re-financing will be complete under better terms. remember, it was only one of 8 banks that was looking to place certain caveats. Maybe their loan was secured against PH and did not like the fact that the facility was being rolled into a corporate facility.

Management has done the correct thing in waiting until all is finalised (which may even mean replacing bank of scotland), as the short sellers would have made negotiations difficult.

I do think though that management has been hugely dissappoijnting.
The first thing I would like to see is the replacement of Michelmore and the chairman, as their actions in not informing the market previously was arrogant.

Surely, there is someone senior at BHP that would welcome the opportunity to lead OZL.