If Tas has been slagging this stock for 14 months, it might be worth looking at the 14 month trend in the share price Down from around $1 to mid 30c. So his "slagging" does have some correlation to the share price. I have supported Tas’s observation that KZL has serious cash flow issues on a number of occasions.
Unfortunately KZL is a position where it needs to invest as their current operations are near the end of their productive life (as evidenced by the continual rise in production costs) and need to be renewed....results are out on the 23rd, so lets hope there are some positive developments with regards to selling Lounge Lizard. If they can’t sell LL i would imagine yet another capital raising will be on the cards.
KZL Price at posting:
33.0¢ Sentiment: ST Sell Disclosure: Held
