Thanks for some interesting recent posts. I'm sure both papaw and wal71 are right in their descriptions of common practices to deceive retail investors and fleece as much cash from them as possible. I'm not saying that these practices are solely responsible for KZLs recent prolonged slide but I've no doubt that KZL has been a favourite stock for such practices many times in the past. Too often the SP has risen or fallen rapidly and significantly for no good reason, only to reverse direction soon after. Small investors are certainly likely to be influenced to act one way or another by the volumes they can see on their online trading board, and undoubtedly these figures are being warped by bogus buys and sells. Just the other day I noted that of about 6 million KZL units supposedly for sale only about one third appeared on the visible 10 rows, making me doubt the sincerity of the figures. If one wants to sell at a figure way above the current bid then why place such an order that will only deter buyers from bidding up? Surely a bona fide seller either places an order near the bid or else stays out of the marketplace for the time being. Comsec wouldn't even let a small investor place an order too far off the 'pace'. Where there is money to be made one can be sure that clever and devious methods are always being employed to latch onto some of it - little doubt about that.
As for the Mungana treatment facility, didn't someone just suggest that it could be completed soon to treat cooper, zinc, etc.? Perhaps my memory is playing tricks on me but I thought its ownership was transfered to MUX as part of the gold spin-off.
KZL Price at posting:
57.0¢ Sentiment: None Disclosure: Not Held
