Can't admit to facts of Kagara's issues, and its promises it made to market, from your article that you posted.
Its those , over promise and under delivery that is causing Kagara's share price to continue to get bolted. Natural disasters? there is somethin called as Force majure, which can be applicable if it was that severe. U'r a seasoned investor, I am sure you are well aware of it.
You compare stocks of other mining companies, well you've only looked at one week. Try looking a bit longer, perhaps maybe 3-4 weeks, and the falls will become apparaent. If you'r not sure, have a look at jan 25th 2010, and compare the prices of KZl along with other miners.
I have a sell rating and will continue to have a sell rating till the time the sentiment doesn't improve. And yes Gself it is my choice to hold, atleast I live in reality. And I don't need to listen to your ramping comments.
I believe that Kim Robinson has lost his touch. Going after CSE? How many million did he waste there? And now KZl has a stake in CSE?? thats utterly useless. IMO continue to develop Admiral bay, prove to the world that it is a world class resource that is safe to invest in. The article talked about so many numbers, KZL hasn't delivered on any of those numbers. Spinning out Mungana - and how much has Mungana's share price appreciated?, with gold rocketing... my my this is a sorry state of affairs.
Please spare your thought on external forces, There are a lot of companies in similar situations doing far better then KZL.
With QE2, and commodities running up, KZl could barely manage a climb. Even their profits, how little profit did they make - Cost of production continues to rise. We'll see in 12 months where the share price of KZL will be. - I honestly hope it runs up, but I cannot see it happening, unless the new BHP guy does something
Cheers Mayo
KZL Price at posting:
59.5¢ Sentiment: Sell Disclosure: Held
