KZL 0.00% 12.0¢ kagara ltd

reduced costs and significant prod. increases

  1. 749 Posts.
    I just listened to the BRR interview with the CEO of Kagara and came away feeling that today may be the bottom. We're at one-year lows today and he sounded firm on the following turnaround triggers:
    1) reducing production costs by a further 10%
    2) increasing production from 40,000 tonnes this year to 55,000 in the year ahead, followed by increases beyond 100,000 tonnes in the next 2 years
    3) greater transparency in communications with shareholders, including fixed quarterly reporting dates to be accompanied by detailed interviews.

    With predictions of global shortfalls for zinc and marginally improved prices, this looks to be a promising combination.

    I bought this morning in the hope that the company is turning the corner.

    DYOR

    Gupper
 
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Currently unlisted public company.

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