kzl's problems are not caused by management. if you have a high $ and high fuel prices, low metals prices which create high cash costs, tell me what director in the world can control that???
Its like trying to stop the tide from coming in. The only possible solution for them is hibernation until the global outlook improves, it has nothing to do with Robinson. I would like you to outline what you think management could do to control the $, fuel prices and the price of Zinc.
a good analogy would be if you lived in a two story mansion and your boss cut your pay by 90% because of a fire what options would you have, how would you service the mortgage, pay the power, buy food etc,etc,etc would that make you a bad manager of money or a victim of circumstances out of your control. im not making excuses for them but some things are out of everyone's control.
Its going to be very ugly if they go bankrupt, a lot of us guys are going to be burnt.
And mayo, Robinson has an unblemished record prior to the gfc its not like he has a record of ruining companies and he has been around for decades.
KZL Price at posting:
12.0¢ Sentiment: None Disclosure: Held
