KZL 0.00% 12.0¢ kagara ltd

mining to recommence, page-27

  1. 5,747 Posts.
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    As only half the debt claims have been continued with

    I am placing total debt including administration and interest
    At $90 million

    I would think $50 million will be a fair price for mungana
    Selling AB and some Qld assets for enough to be debt free

    Leaving at least the copper operations continuing

    I find it very hard to believe they can sell $90 in assets
    And have nothing left

    I really believe it is not the end

    If copper and zinc prices were at the levels earlier this year
    It would be a different story

    Others can give up I certainly don't see it as the end

    I would doubt we will find out anything on the indicative bids
    For quite some time while negotiations continue

    I imagine an announcement or press release stating
    That the administrators are very happy with the interest received

    This would be the announcement true or not

    Good luck to all

 
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