It has been a dog since listing and does not pay dividends.
Value to KZL not much more than the KZL % of MUX ownership times cah in bank?
That does not cover the ANZ facility.
Could be lots of pressure for a Lounge Lizard sale at a knock down price to start with.
The A$ will be killing cashflow coupled with a whole new finance team in place with big company experience but little in the way of toughing it out at the junior end. Smells a bit like OZ Minerals fiasco during GFC?
Cheers, TAS
KZL Price at posting:
33.0¢ Sentiment: Sell Disclosure: Not Held
