I hope ubs research is a little better than their knowledge of a stocks name, they have not been known as kagara zinc for quite a while.
Also the whole reason for the Gold float is to shore up the balance sheet before that deadline.
The company will be able to unlock all that value in the gold asset as it was being valued at nothing in it's current form.
I do agree there is considerable risk but also a considerable reward, i think these guys will pull it of as they are veterans in this game.
The other hing is that if metals manage to stay up here then they will be generating enough cash to pay the debt.
I am not confident in the metals prices remaining up here in the short term.
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