You make me laugh, The Chinese and number of other big investors pump in millions just to let the banks close it down, this thing is underwritten enough to pay down most of the debt anyway.
The Mungana float will give them enough cash to last for quite some time.
I'm not saying the stock will trade at a premium but i do not think admin is a possibility at the moment, Transamine, Korea Zinc etc etc would not be putting in money if they were going to lose it.
Why hold the stock if you have such a dim view of it, you are better putting the cash elsewhere.
KZL Price at posting:
63.0¢ Sentiment: None Disclosure: Held
