No, the extra measures (redundancies etc) to cut costs were announced in the March half-yearly but were probably effected to some degree before. Jan also saw cost cutting on development, exploration etc...keeping an eye on EBIDTA is the key. i.e. the cash items...
Last half year EBIDTA was -15.5 mill. This half and provided commodity prices remain at close to current levels and the AUD as is, should be somewhere around +31 mill - maybe better. Less -40 mill for D&A means a -9 mill paper loss. Much better than a net loss of -49.8 for the first half, which is what people are looking for. i.e. A business on the mend with enough cash to see them through to better zinc prices. Thus I'd be looking for about 83 mill cash at bank after LL, a renewal of the ANZ finance facility and most importantly - the plan for production and production guidance for the next 2-3 quarters.
KZL Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
