KZL 0.00% 12.0¢ kagara ltd

when we come back, page-6

  1. 5,747 Posts.
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    Here is a very crude analysis of asset value

    Looking at 2011 full year report

    Mining property valued at $225 million

    This includes LL say valued at $100 million

    Mux shares are now gone
    Hopefully adding $75 million to the mining assets

    So assets valued at $200 million

    Sale return of 50% is $100 million

    Total debt including Admin is now at $60 million
    After the Ball Gammon sale

    So $40 million is about 5 cents a share

    Somewhere after the sale of some assets a stage will
    Come where the company is debt free

    Admin and the company will then decide weather to wind up the company
    Or try to rebuild in which the company would then be handed back
    To management

    This is just my crude way of looking at the figures

    Anyone else want to have a go at values
    Would be interested

    Imoo
 
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