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Everything posted by obelix

  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
  16. obelix


    In reply to: hbswrx on Sunday 06/04/08 04:50pm Yip, still holding and wish I could buy more. If all my shares were only like MBN. I must force myself to keep diversified. http://www.sharescene.com/html/emoticons/biggrin.gif
  17. In reply to: kelt on Tuesday 01/04/08 06:01pm Think another day or 2 to buy if you have money left then the party is over. Me thinks the bottom is in. This is my 2 cent worth. http://www.sharescene.com/html/emoticons/wink.gif
  18. obelix


    In reply to: NQBill on Saturday 29/03/08 10:35am The Australian Business: Administrators were appointed to Opes Prime on Thursday night and, before the market opened on Friday, ANZ and Merrill Lynch had wasted no time dumping stocks at massive discounts. The result: at least four companies were placed in a trading halt as a result of the collapse. These include Admirality Resources, Hedley Leisure, manufacturer Austin Group and Reco Financial Services. http://www.sharescene.com/html/emoticons/thumbdown.gif
  19. In reply to: danc on Sunday 30/03/08 06:35pm Reported in the Australian Business. Administrators were appointed to Opes Prime on Thursday night and, before the market opened on Friday, ANZ and Merrill Lynch had wasted no time dumping stocks at massive discounts. The result: at least four companies were placed in a trading halt as a result of the collapse. These include Admirality Resources, Hedley Leisure, manufacturer Austin Group and Reco Financial Services. http://www.sharescene.com/html/emoticons/unsure.gif
  20. Volume is up today. ANZ started selling stock me think. http://www.sharescene.com/html/emoticons/unsure.gif
  21. I was so lucky again today listening to all the advice given here. Loaded up 1000 000 at 13.5 and ready to sell at probably sub 10 in the future. Laura you are the real winner not listening to this rubbish from the rampers. You can buy yourself bankrupt on the TMR bargains. Only wait and it will be cheaper in future. What a dog. http://www.sharescene.com/html/emoticons/thumbdown.gif
  22. In reply to: wanlika on Sunday 23/03/08 04:46pm Perusing over this old as announcement, I could also see the same. Being it easter and I can see my dream of my easter eggs breading easter rabbits, Tuesday I will also again buy another 600 000K at 14c to top up my other existing holding of 80 000 000K at 13.5c. Not taking into account my other holding in my nominee account already. Yeah right!! http://www.sharescene.com/html/emoticons/wink.gif
  23. In reply to: hellyeah on Wednesday 20/02/08 07:10pm I am just afraid this market sucks you to buy you bankrupt on all the bargains http://www.sharescene.com/html/emoticons/thumbdown.gif
  24. In reply to: laura on Wednesday 20/02/08 01:40pm somethings wrong, sold a few to be lighter on this stock. it smells. http://www.sharescene.com/html/emoticons/blink.gif
  25. In reply to: sh0950 on Thursday 14/02/08 10:29am Think this is the bottom or near. Share price and performance are about in balance according to my calc. http://www.sharescene.com/html/emoticons/cool.gif
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