Rubbish. They have 40 million in liquid assets from MUX that will be settled in 2 weeks. That will guarantee the flow of finance for the next six months and remove the secured creditors. Then they have plenty of time to sell off 2/3 of the assset base totalling 380 mill, to pay off the remaining unsecured creditors and relist.
I'd prefer they spend 3 mill on admin than losing another 15 mill in EBIDTA at current zinc and AUD levels. By November, the situation could be completely different with Greece out of the way and a new Chinese premier on board with a loose purse.
- Forums
- ASX - By Stock
- KZL
- update out
update out, page-30
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online