1: You can have the best management and the best plans, but they cant control world events or metals prices, so you cant blame them for stuff out of their control.
2: I think they are deliberately dragging their feet on LL so they can get more drilling done to shore up better resource, thus ensuring better price. LL is a good asset and i don't reckon Western areas would be comfortable having someone like Extrata moving in next door, they will no doubt be exercising their right of first refusal regardless of what they say, they are the logical new owners but will obviously want to wait to see how much interest there is.
3: Even though they have known about the $16m they need to pay, they would have planned on what they thought metals were going to do, if the revenue was lower then the money had to come from somewhere, maybe they did not want to draw on debt, which is prudent in these uncertain times.
KZL Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
