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  1. obelix


    I think the buyers are maybe share buy back to try and save face using the company's money.
  2. obelix


    Well bit the bullet, took my knock, packed my bags, just a pity I can not do something to management. What a dog. Bye Bye!
  3. obelix


    Shutdown was done to stop the story coming out I would say. Nice timing on purpose?
  4. love this stock. conservative. strong balance sheet. low gearing. top management that themselves for ever buy on market and already controls by far the mojority of this stock. talk about confidence. you can not go wrong on this. a no brainer. )) i hold heaps.
  5. In reply to: monty1 on Wednesday 03/12/08 03:48pm http://www.sharescene.com/html/emoticons/mad.gif more than rumours OZ MINERALS has admitted that it has known since February of the need to refinance $US420 million ($651 million) of debt this year, despite reporting in its latest accounts that the debt was repayable in 2012. The revelation, made in response to a stock exchange query, has raised serious doubts about the company's disclosure of its financial position in recent months. The Herald contacted OZ several times, both yesterday and on Tuesday, seeking comment about why the debt maturity was listed as 2012 in its accounts released in August, but has yet to receive a response. It is understood the Australian Securities and Investments Commission has been taking a close look at OZ's responses to recent stock exchange queries, but has yet to take formal action. The corporate regulator said yesterday a review of the June 30 accounts of 100 companies had found "a number of entities" did not meet detailed disclosure requirements. It cited "poor disclosure of debt maturity profiles" as a particular issue. OZ disclosed yesterday it had entered a refinancing agreement with its lenders in late February. It was originally supposed to refinance the debt by August, but the deadline was later extended to November 30. OZ said it believed there were "contractual grounds" for its lenders to grant an extension beyond November 30 to allow it to roll the $US420 million loan and another $US140 million loan into a larger corporate facility. The clause said lenders "must not unreasonably withhold their consent to a request … to extend the then-current refinancing date if [OZ] can demonstrate they have used their best endeavours to procure the refinancing by that date." But a Wilson HTM analyst, Keith Williams, said the situation should have been made clearer to the market alongside the release of the half-year accounts, regardless of the existence of that particular clause. A single, unnamed bank is believed to be responsible for holding up the refinancing. There are suggestions the bank wants its money returned immediately. "The problem in this sort of climate where banks are trying to rein in risk is, if one bank gets a special payout, then you run the risk the other banks would put up their hands as well," Mr Williams said. There are concerns that if the recalcitrant bank does not agree to an extension, OZ could be forced into a deeply discounted rights issue - such as the recent raising by Transfield Services - or into selling all or part of its Prominent Hill mine, possibly to BHP Billiton. Despite OZ's relatively strong asset base, the prospect of insolvency cannot be totally ruled out in a period when other base metals miners like CopperCo and Tamaya Resources have collapsed because of an inability to refinance or service their debt.
  6. In reply to: roddombo on Tuesday 26/08/08 09:14pm Many thanks roddombo http://www.sharescene.com/html/emoticons/smile.gif
  7. What is happening that I don't see? Why is the share price keep dropping? Everything seems fine to me. Please help me and tell what I miss!! http://www.sharescene.com/html/emoticons/sadsmiley02.gifhttp://www.sharescene.com/html/emoticons/wacko.gifhttp://www.sharescene.com/html/emoticons/icon14.gif
  8. In reply to: Visionary on Thursday 31/07/08 07:40pm Hi folks, why buy at 4.5. Picked up another 9,421,812 at 2.6 cents. They must stop this, one can buy yourself bankrupt on all these bargains.
  9. In reply to: wanlika on Wednesday 30/07/08 05:14pm Me too, got another at 17 978 367 at 5.7 http://www.sharescene.com/html/emoticons/tongue.gif
  10. In reply to: wanlika on Wednesday 25/06/08 05:50pm Hope you did not miss the change to buy another million at 8.6. Bought another 3.75 mil. http://www.sharescene.com/html/emoticons/lmaosmiley.gif
  11. In reply to: thebowman4 on Wednesday 28/05/08 10:38am There you have the announcement - you can summarize it with 2 words - useless management. Except it is with our money. If one knew this nobody would have taken up the share issue. http://www.sharescene.com/html/emoticons/grrr.gifhttp://www.sharescene.com/html/emoticons/thumbdown.gif
  12. In reply to: thebowman4 on Tuesday 27/05/08 08:51pm Well said bowman. This sucks http://www.sharescene.com/html/emoticons/thumbdown.gif
  13. What do you think about the SPP announcement and voting coming up? Won't everybody's opinion be that with this voting opportunity you have your say to correct or condone this. Either you vote for it and get shafted or vote against it and and something will have to be done by management to correct their un-bias issuing of shares at 12c to all friends and mates with no regard to us as minority long term shareholders. Or do I see it wrong? Vote on issues one and 2 no and yes on 3. But how do you get the top 20 to support this. http://www.sharescene.com/html/emoticons/thumbdown.gif
  14. obelix


    Seems in todays announcement the problems are solved and production to start soon. Good news. http://www.sharescene.com/html/emoticons/biggrin.gif
  15. obelix


    In reply to: hbswrx on Monday 07/04/08 09:15am I plan to hang on for production. I know Brasil and think this stock will go above $10 with years of mine live and good dividends ahead. http://www.sharescene.com/html/emoticons/rolleyes.gif
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