KZL 0.00% 12.0¢ kagara ltd

Some more figures Pooh Bear b = real value of assets e MUX...

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    Some more figures Pooh Bear


    b = real value of assets

    e MUX shares 30 million
    bonds held 25 million
    owed to KZL 20 million


    f b - e = 50 million

    g book value 500 million gross

    h g/f = 10%

    Now if B is Wrong and real value is 200 million

    e MUX shares 30 million
    bonds held 25 million
    owed to KZL 20 million


    f b - e = 125 million

    g book value 500 million gross

    h g/f = 25%

    3 cents now becomes 14 cents

    25% is pretty cheap

    It is all in the timing
    These are todays value

    I hope we have 6 months for a rebound in mining stocks


    IMOO
 
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