BB, You may be right, but as they say "the proof of the pudding is in the eating" and it would appear that KZL has done nothing with progressing the DFS of AB. If AB is a tier 1 asset, I would have thought that the aim of the CEO would be to progress that activity as number 1 priority. Instead he wants to get the current business humming (meaning it is NOT doing that now). So the timeline for AB drifts and drifts and drifts.
With a potential GFC2 on the way, funding will only get tighter, me thinks. The $58m and $40m (I exclude receivables as they jump around) is only $98m for it's strategy. Much less than the cost of the DFS for AB and cash required to implement the growth of the business. KZL does not have the cash, and cash flow from operations does not seem to be providing it, and I do not see this picture changing soon.
HT1
KZL Price at posting:
30.5¢ Sentiment: None Disclosure: Not Held
