KZL will survive. There is little we can do as investors. Outside blue chips like WPL and the banks and some others, shares are all a gamble.
We all gambled on zinc, kzl and China and here we are.
Personally, I think there is too much asset value in KZL for it not to relist but I'd value it at present at about 4c a share.
The big problem as I see it, which stands out like dog balls to the admins is the outstanding share equity or volume at just shy of a mill.
If they relist at 20c, you can almost expect to lose another 2 in 3 shares you own as part of a recap.
Upside is that your now in at IPO levels and could make back 33% by just sticking it out after relist.
All of that depends of course on zinc, China and the AUD.
From early 2013, things will pick up but for now we and everyone else has to tolerate slow growth and miserable commodity prices.
I am not selling any of my shares, and I have like you close to a mill. We got it wrong brother, pure and simple, China turned out to fizzle but I believe that if you gut it out, then all will be returned. Patience, and a lot of it is absolutely key now.
We have plenty of time on our side, so sit and wait.
Zinc really has a net of 745,000t, so the market is much stronger than the headlines show.
I certainly aint going anywhere on this forum. And I have been told by those close to new management, to gut it out because relisting is a certainty, given investor appetite.
KZL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
