mungana float - important dates, page-8

Gself, Yatchy suggested a bigger chunk of MUX was good for KZL.

I would rather invest in companies with management that hit their targets. These guys set their own targets and still fail.

Mungana float late.
Mungana prospectus late.
Admiral bay pre-feasability late.

If they had got the IPO out a month or four earlier when they originally said they would, it would have been a lot more successful.

Looking at the performance of the company since their heavily dilutionary capital raising, they have significantly underperformed their peers. It seems the market does not value the current performance of management.

Good assets, badly managed.

How long I have been a holder is of no relevance. From my perspective the answer is too long, but thankfully for me, not as long as others.

Return over the last 5 years -13%pa

If you are holding based on their past glories, then so be it. I hope you've enjoyed it.