Wolfofasx, You seem to be neglecting the very substantial...

Wolfofasx,

You seem to be neglecting the very substantial cashflow from PH this year and next. Also it may well be $150mm rather than $250 mm.

I suspect that if it weren't still comfortable out of cash and cashflow then OZL would not be doing it.

As for OXR debt, no it wasn't a lot, it wasn't the amount but rather that the banks suddenly declined to roll it over (or something similar) as they the banks were in a crisis. It was't an issue of gearing level at all. ANY DEBT CAN BE DANGEROUS. And I would say it would be more of a folly to risk everything for the small benefits of a small debt than to risk everything for larger benefits from a larger debt (within prudent servicing limits).

Can be very useful to understand a companies background. Same applies to those ignorant enough to suggest a Chinese company taking over OZL.

There's probably a strong case for being very careful not to rush throwing money into Brazil, to not rush the projects either (regardless that red tape probably doesn't allow it anyway).

Ashentegra,
Concur with your last post - all within OZL's control. Prioritisation and staging.

EL