I don't believe they need to sell any further assets, however whilst they are reporting as a going concern they must contemplate it and sure up the asset values.
The 27.9 mill coming out of escrow in Mungana Goldmines in June, plus 10 cash at bank as at January, 70 from LL and a further 8 million of positive cash flow based on last quarter's commodity prices, FX and Brent, -- gives them circa 116 mill in cash.
I think they will be fine.
KZL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
