takeover of lundin mining, page-13

Hi Flabert,

During the global financial meltdown, the banks and lenders like GoldmanS wanted the loans to be re-paid there and then.

Oz minerals and PNA nearly went down under during this process and lots of value got lost because of issueing more shares and options at real cheap prices to those like GoldmanS.

You can go back to the ASX announcments during that time of both companies and you will start to understand what I mean, also Hotcopper had plenty of posters highlighting the issues during those days.

The shareprice of PNA went down from $1.18 to 8 cents, you probably get the picture.....


jojo