re: Ann: WSA: Western Areas Completes Acquisi...
Nope. But I wouldn't be surprised to see Guadong increase their stake at these levels back up to 19%.
I think Kim is a great geologist but a terrible financier and poor realist. The last of his legacy is being cleaned out and clearly he's mift at losing his $360,000 gravy train.
If Kagara were in trouble, as many would have you believe, then why has not one major shareholder been selling, just Kim and only 50%?
Not to mention the Kagara Kim steered into the ground in 2009 when it had 200 million plus worth of debt and 2 million in cash left.
That's a far cry from 62 million in real cash debt and 80 million cash at bank now.
KZL Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
