Funding is the major issue which created scaring selling on KZL in last month. Now the Nickel asset sold and funding is coming on the way. Surprised to me the KZL sloved this issue so quick!
I reckon ANZ may convert the debt into share holding taking this opportunity, otherwise cannot be so quick.
Placement is alright as well, anyway "quick" means KZL's $400 million net asset is still attractive for investors.
Selling more asset is good option for KZL, if KZL can sell all of its asset in short term, SP should be 30c+.
funding issue been removed
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