BB summed it up pretty well.Investec would appear to be...

BB summed it up pretty well.

Investec would appear to be providing bridging finance until MUX shares and cash can be utilised. The administrators would also be getting cash from processing the ROM pad.

The speed and price of the sale of KZL assets will be a function of the rate of cash depletion. If that cash flow usage line is gentle, then KZL will be time rich, if it is steep, or something happens and it get's steep, then the process will move from "on orderly disbursement of assets" to a "fire sale".

I do not know KZL's business well enough to do a guesstimate of a weekly cash flow projection to determine the curve. I would suspect though, that when the ROM pad is used up, it becomes very steep.

HT1