I would expect the ANZ bank have called in their loan to make sure they get their money, ( i personally think Lizard was a distressed sale bought on by the ANZ ) problem we have with KZL is none of us know if they are going to be cash pos yet, if not and they have paid ANZ out then there is no money to run operations. it will keep bleeding down until a raising, they return to pos cash flow or go bankrupt. We all need to decide what we think will happen, and dont listen to people telling you its over sold etc etc etc, you need to be cautious and make an informed decision before jumping in. Remember they were telling people it was over sold at 30c but they choose to ignore this little error in their judgement and start calling it again. These are dangerous times regardless of the banter around here. I intend to stick it out for now, not that it makes much difference as the ones in the know will bail or buy in long before we get the bad or good news.
KZL Price at posting:
11.0¢ Sentiment: None Disclosure: Held
