That is correct. That is what I have been told by the company last time I rang them.
The only thing that concerns me though, is that I recollect when WMR (Western Mining Resources) did the same thing years ago and split the company into two with the same pretence that Olimpic Dam wasn't taken in consideration by the market. We all know what happened then. Rio made an offer at the time, (a bit ridiculous for my likings), and BHP upped it a little and the rest is history. Now we have Alumina languishing on its own and going nowhere. As a matter of fact the shares now are only hovering at around the $1.60 to $1.90 mark. Way way below what it used to be.
But anyway lets hope that this will all go well and that KZL will come good even without Mungana. But if history repeat itself anything is possible. The only thing we have as an advantage is that KZL will still have a strong controlling interest in MUX.
gself, I have a fair bit invested on this one and I am not about selling any of them either.
Buddy
KZL Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held
