ok here is something substantial
according to this letter to shareholders KZL has a $50m facility with Westpac DUE IN MARCH. It also has a $100m facility with NAB due in October.
please check it out
http://www.asx.com.au/asxpdf/20081107/pdf/31dgqzjvjbg8hb.pdf
it might worth bearing in mind that this company has equity of only $235 m
the debt due is about 63% of equity
so ok OZL had debt of $1.2bn and equity on $3.4 or 35%
Correct me if I am wrong but KZL is about to experience some serious pain
OZL has been saved by Minmetals. I wonder if anyone will save KZL?
People in glass houses.... hey gself?
new substantial holder, page-13
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