KZL 0.00% 12.0¢ kagara ltd

Ann: Maiden 32,000 t Cu Resource for Griffiths Hi, page-24

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  1. 10,469 Posts.
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    re: Ann: Maiden 32,000 t Cu Resource for Grif... KZL even handed out dividends when they had low cash balances. How daft is that? That combined with some operational/weather issues that reduced revenue placed them in a weak position when the GFC hit. The management displayed very poor forward planning in my view.

    loki (ex-kzl holder)
 
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