OZ rescue adds to Swan's headaches

A Chinese white knight for Oz Minerals may give stressed shareholders some relief but it will only add to the mounting pressure on federal Treasurer Wayne Swan who has the final word on foreign investment.


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Well we might as well ask all the struggling miners how much they need - about $50 billion should do it? And send over a tax invoice to the Chinese Premier and be done with it. The current white knights are carrying very sharp lances which are cloaked behind their shining armour! There is nothing wrong with the Chinese strategic intent, it is us a nation that needs to think long term to ensure continued economic prosperity. From a long term viewpoint, this is like selling your million dollar house to settle a $100k debt!

Yes, as an unfortunate oz minerals shareholder if the govt felt so strong about keeping it in australian hands let it make an offer or lend the company the money it needs like other govts around the world are doing. I'm just happy to get most of my money back and never want to see the sharemarket ever again

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