Do HC posters and/or the market think KZL is a distressed seller of LL? (just like OZL was?) Gself is correct, OZL sold most of it's assets to escape the banks during the GFC, but is now in the enviable position of revenue of over $1b last year, $886m in the bank, paying a dividend and able to fund everything from cash flow. (They are even talking of doing an exploration shaft for Carrapateena (from purchase to exploration shaft is 18 month - quite different to AB).
So, can KZL survive? Yes, but like OZL - it will need radical surgery.
Best of luck holders.
HT1
KZL Price at posting:
33.0¢ Sentiment: None Disclosure: Not Held
