KZL 0.00% 12.0¢ kagara ltd

re: Ann: Kagara finalises preparations for th... Sad to sayThis...

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  1. 5,747 Posts.
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    re: Ann: Kagara finalises preparations for th... Sad to say

    This really reads like the end of mining for KZL

    Whatever way it goes the administrators are nearing the end of there job

    Either they hand the company back to current management
    after enough selling to pay off debt now unlikely

    or with the sale process it is sold lock stock and barrel

    At 25% and MUX probably get enough to pay back creditors and the admin and have $20 million left for us

    Actualy the only thing that can be found in yahoo is a $16 million profit
    Maybe that is the figure

    $16 million into 800 million is 2 cents each

    Will have to trade well to get the rest back

    Yes things do look grim

    Any others suggesting we could get something backif it all goes
 
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