KZL are producing at a loss... why is the management continuing to run the operations?
To protect operating margins when a commodity price falls, it's common practice to reduce expenses... a rise in the AUD$ helps reduce expenses. Why hasn't the management been protecting margins? Margins can be protected via a reduction in Employee benefits... has this been the case? why hasn't management been on a path to reduce employee related expenses?
Management raised $25 mil in december, they lost $50 mil in the 6 months to december... why didn't they come clean and say the capital raising is to cover the losses we made in the past few months?
Isn't part of the team that runs KZL, also involved with AXM? Can't even make profits even if the commodity price is elevated.
Management are accountable for the success and failure of a company. Praise for success and nothing for failure is not a sentence you'll read in my books. A big fat slap across the face is what's deserved here.
I rest my case... the management are duds.
KZL Price at posting:
31.0¢ Sentiment: Sell Disclosure: Not Held
