KZL 0.00% 12.0¢ kagara ltd

another extension to the administration period, page-4

  1. 5,747 Posts.
    lightbulb Created with Sketch. 120
    I think it would have been quite simple to flog everything off
    For whatever was offered

    What they have done looks bloody impressive

    Could have just sold the mux shares on the open market

    Instead they have a resource of 2.7 million oz of gold
    And somewhere along the path to production

    With what the Chinese are paying for gold assets I would think
    $50 million would be easy

    $25 million is about what they would have got for Mux shares

    Really the question I would like awnsered is will they be looking for
    A CEO before they hand the company back or will the board
    Look after the company for awhile

    Secured debt already retired and MUX and MOO debt retired as well

    I doubt if they could have done anything better
    And management would of surely stuffed it up
    If given the chance

    To me it is lookin like all is not lost
    Next update should tell the story
 
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