extension of time, page-7

Hi BB,
On this one, I would have to be in Gself's camp; there are just too many headwinds for KZL to resurrect itself; or if it does, with any real value.

Headwinds

Europe and America economies.
Zinc price.
KZL is a distressed seller.
KZL's C1 cash costs at the mines.

If the sale of the mines and equipment yields enough cash for the debts to be repaid and for the company to relist, (and that is a big "if"), then the company will be greatly reduced in size, cash flow and balance sheet strength. The sp could be sub 5c and KZL will still have the same problems of not enough working capital, therfore a capital raising would occur, causing further pressure on the sp.

I just cannot see KZL Admin ending well for current shareholders.

HT1