It's not out of the woods yet. I have had a buy in at 28c for a few weeks now and it hasn't been hit. 29c was the best is the lowest I have seen.
Apart from a slight improvement in the zinc market, you still have global confidence issues. Most miners except NCM struggled for real gains today.
The delay with LL, although prudent, hasn't helped. However Kagara has had interest from a number of parties, including players from Asia and global miners.
The only thing on the immediate horizon to look forward to is the December 2011 Quarterly Activity Report on January 11, so there might be an update and buying in the lead up if we see progress in Europe and a continuation of status quo with zinc demand/supply.
I sold all my former KZL shares in 2007. I returned to KZL earlier this year but I have been selling at the highs and waiting to better position myself.
KZL Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
