I'm not assuming anything. I just go off what the company says.
To quote...p14 last half-yearly...
"Since 31 December 2011 the Group has extended its finance facility to 30 April 2012, and announced the sale of its nickel assets, with settlement anticipated prior to 31 March 2012. All asset carrying values have been reviewed and adjusted for impairment where necessary. The Directors are confident in the ability of the Group to successfully secure sufficient funding and to realize further non-core assets to continue as a going concern and continue to pay its debts as and when they fall due."
KZL Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held