kagara shares suspended while talks continue, page-26

Hi mayo1975,

Thanks for your summary for my last few posts. Save me some time and energy.

Since you always worry "don't try and pull in newbies"

So what's the point of your view on earth?

I can only see you view is "to scare newbies by blaming my posts?"

How much you lost on KZL is your business, but I know KZL all the time since SP still $1 above. SP droped from $7 to $1.0 then 30c, then recently 10c.

Yes you are correct, I never ramp KZL when its SP $1.0...30c...17c...14c..but I start to suggest 10c is the bottom to test, and then 10c bottom confirmed.

You always said my post has no basis.

According to your lists:

1, Regarding selling MUX assets, 62% of $76m = $45 million for KZL, I said "It's off market trade for sure" anything wrong?

2, "I predict the open price on Monday is between 15c-16.5c, should the funding issue solved on time"

Funding/debt issue caused KZL slashed from 30c to 10c, now funding agreement means debt concern will be removed soon.
So what's the next excuse for you? Zinc price? Copper Price?

At current price,
KZL Copper cash costs US$2.05/lb, market price $4.1/lb

$2/lb profit * 42000lb = circa $45 million profits/year--based on 20k copper production.

In last half year report:

Current assets: $172 million (including the $68m)
Current Liabilities: $126 million
NTA $477 million.

If current debt on the banalce sheet, no more debt concern, plus selling more assets, why you balme my 15c-16.5c open price prediction when SP closed 12c atm???

My prediction is still no basis for you? That's only because you just hope KZL keep down down down..... satisfied? then what's your basis for that? bebt? no enough assets for sell? Copper price low?

3, "if KZL can sell all of its asset in short term, SP should be 30c+."

KZL keep selling its assets at bargain price will attract a upcoming takeover bid for KZL, this is based on my trading experience, and I already give 50% discount for KZL. Still wrong?

At last, I confirm my view again, MOST Likely, this funding agreement is "debt funding from another bank, or from JV partner--selling all projects in production, or takeover bid for all projects in production"

whichever the above options, KZL is a no brainer buying target at 12c, re-open SP should be much higher than 12c!