Well it has 100 mill in relative cash, 25 of that in the bank, 40 in ANZ refinancing ready to go, and 30 mill in receivables to be invoiced for cash. That excludes 30 mill sitting in MUX.
It's -60% under valued if you balance net asset equity vs liabilities and market cap.
...and based on EPS forecast for FY12, I would put it on a PE ratio of about 3.
Really, what more do you want?
It's going to make a big move north soon. It's just a matter of time...
KZL Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
