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OZL oz minerals limited

1.85%

$9.01

Damn you surandy you have just awoke my nightmares that i had...

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boydie63

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16/04/18

13:07

Post #: 32480809
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Originally posted by Surandy70 ↑

It was a huge saga in OXR’s history as they kept crowing about having no net debt and their accounts incorrectly showed their debt as being a non-current liability when in fact it was due to expire and needed rolling over at the time of the GFC so should have been accounted as a current liability, their cash at bank unfortunately was correctly accounted as a non-current asset.

Due to the bank syndicate refusing to roll the debt over OXR was gobbled up cheaply by a Chinese company, Prominent Hill was retained by shareholders as the foreign review board refused to allow a foreign state controlled entity take it over due to it’s location near Woomera.

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Damn you surandy you have just awoke my nightmares that i had just gotten the better of!

OZL Price at posting: $8.77 Sentiment: Hold Disclosure: Held
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Damn you surandy you have just awoke my nightmares that i had...

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