Paladin gravy train, page-2

Really is a lot like KZL.
One I cut my cheers on.

$9 down to 16 cents.
I went in with all guns blazing.
Ouch that did hurt.
I was in the top 100 shareholders.

Thought I was safe as they still had money and only about $30 million debt from memory.

I can't remember how it worked but the CBA called in there loan and KZL had to pay.
With little cash they had to find some to keep operations going.

Some shinaigans there to somehow a directors house was paid for by the company.

Anyhow read on the Friday that they were looking for a lender.
On the Monday the trading halt came and they were in Admin.
They never even tried for a CR.

They had a profitable copper mine but the market turned
They had great assets in zinc and gold.

Ended up they owed money all over and were about $100 million in debt.

Assets were worth double that.
Yet shareholders got no return.

Sorry but I really doubt the company can survive.

In the end I only lost 8K.
It was worth a shot.
They needed that CNNC deal to go through
But really it would have only gone through if the POU had held $22.

They have about 2 months for the POU to head up otherwise it's all over.
That could be the turning point for the POU as there will be a need for new contracts.

So keep an eye on other producers.

Cheers.