KZL 0.00% 12.0¢ kagara ltd

kagara gets rid of its lounge lizard, page-7

  1. 1,724 Posts.
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    Whether it's 60, 70 or 80 mill plus it doesn't really matter. It's a get out of jail card and will go a long way to repairing the balance sheet and improving operational cash flow. KZL will also save a lot on CAPEX and with commodity prices on the mend and zinc prices up off the lows, they will have a much better FY13.

    They were short on cash, now their not. They were over-stretched resources wise, now they are not.

    I imagine this will cause a sea change in sentiment especially as zinc becomes more attractive.
 
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