Iv looked over the half year report and drawn a few conclusions...

Iv looked over the half year report and drawn a few conclusions and predictions from everything that has happened and i can only see some form of resurection from raising about 80mil, to pay down current liabilities, and anz debt facility. otherwise pay off anz facility and re negotiate a new drawn down facility. odds of a raising will only come from a 50mil firesale of assets and 30 mil cap raising... another alternative is a TO bid by another company for kzls established assets...

i see the doors reopening at in 60+ days however at a much lower sp than previous close, alternatively they wont open again. and we can prepare ourselves for a payout of 2 to 3c a share, if that.. Very upsetting. i think management really did a poor job and shouldnt have burnt through so much cash when opporating at a loss.

through my analysis i predict a total debt of 155m is present after cash at bank and recievables have been used to pay down debt. The additional funds raisdd would leave kzl with approx 20m in bank and debt under 100mil. with a spread sheet like this and aus dollar in a few weeks to be close to parity, profits can be earned through correct opperation and put kzl on the road to recovery.

i believe in the mineral prices increasing in tge next 6 to 12 months due to proposed projects throughout the world, mainly China.

Just my opinion though...