Debt of 69 m end of dec Sale of lizard lounge 68 m If lizard was not sold than we might be in trouble but we got the cash now.
The net asset of kzl is 720 million The total liability of 200million.
Maybe the sale of admiral bay would help generate more cash and allow kzl focus more in Queensland operations and forget about WA.
The copper project and Mux should be focused for now. Or focus on whatever makes profit the zinc margin is way too long least copper is doing well for now. Best if it was 50 copper 50zinc production.
In a long term still a lot of uncertainty but the share price is way too cheap to pass out so buy buy buy.
KZL Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held
