The “independent expert report” is quite possible the greatest anachronism in modern finance and corporate governance, as has been neatly proven in the disaster which is Oxiana-Zinifex-Oz Minerals, writes Adam Schwab.
Oxiana
Oz Minerals in new assets sell-off
The battle for control of the struggling OZ Minerals is about to heat up, writes Glenn Dyer.
OZ Minerals’ impending implosion
When a company doesn’t know how much their debts are, it usually isn’t a good sign, writes Adam Schwab.
OZ minerals gambled shareholder’s equity and lost
The OZ Minerals story appears to be one of gross managerial incompetence, writes Adam Schwab.
Could the sun be setting on Oz Minerals?
Scores of investors are wondering what caused the sudden decline in fortunes at Oz Minerals, writes Adam Schwab.
The Oz Minerals dream is turning into a nightmare
The dream of creating a diversified, cashed-up miner has quickly turned into a nightmare, with Oz Minerals shares closing at only $0.63 cents yesterday, writes Adam Schwab.
Oz Minerals’ disgraceful ex gratia payment
While Phil Green and Babcock provided cover, Oz Minerals yesterday quietly announced one of the most disgraceful ex gratia payments ever seen by an ASX company, writes Adam Schwab.
Hegarty creates history as $10.7m payout overturned
Good sense prevailed on the question of the giant payout to Oxiana boss Owen Hegarty, says Stephen Mayne.
Finding winners in the Oxiana and Zinifex deal ain’t easy
The Oxiana-Zinifex deal shows again that the best interests of the company are not always in line with the best interests of shareholders, writes Adam Schwab.
Oxiana should be humbled by shareholders this afternoon
It’s not quite as bad as the last HIH Insurance AGM, which started at 4pm in Redfern on the second last Friday before Christmas in 2001, but Oxiana Ltd will be hoping no-one notices what happens at the shareholder meeting which kicks off in Melbourne at 2.30pm this afternoon, writes Stephen Mayne.
Tips and rumours
Less than two weeks after announcing a $300M overrun on its Prominent Hill mining development, Oxiana has been ordered by the Department of Defence to immediately stop work on the 132kV powerline to the mine site. The Department of Defence Woomera defence range encompasses a vast tract of land including the Oxiana Prominent Hill Mine Site […]
