If you can answer that then you will be very wealthy, how long is a piece of string?
If you are happy with the underlying fundamentals and the long term outlook for metals demand then you can draw your own conclusions. I dont see KZL with any less opportunity than they had pre GFC, The 2008 article from the age could be relevant in 12 months time.
Kagara has lost 15% this week
Bow energy down 18%
Aquarius platinum was down 13.5%
Mt Gibson iron was down 13.4%
Resolute was down 13%
Aquila Resources 12.8%
Atlas Iron down 12.7%
Ausdrill down 12.4%
OM holdings down 12%
Kingsgate Consolidated down 12%
Kagara has also had rain pissing down on them almost non stop so why wouldn't they fall more and they also have a lot of negative sentiment, just look at some of the posts on here. Yet they continue to make cash and produce copper, nickel, lead, zinc, Gold and silver and are cash pos with no corporate debt.
If you dont like them and you are a holder i would suggest you sell and move on, i cant see the point in whinging but continuing to hold. people on here will post how the charts say KZL is going to lose x amount bla bla bla yet they do not take thier own advice and sell. Why wouldnt they just sell and re buy when it hits the bottom if they are that sure of what they say.
My personal opinion is they are cheap right now and i am buying, if it turns out that i am wrong then i have to live with it, but i am taking my own advice not like some on here who continue to poo poo it yet remain holders.
At the end of the day, all these miners are slaves to the world economy, if it tanks then only the BHP's will weather the storm in tact, most of the rest will be ransacked, at least KZL has no debt and cash in the bank, not to mention a very large stockpile of yet to be invoiced copper, zinc and lead concentrate.
These are just my opinions, seek your own tea leaf reader or palmist, or even a chart if you must.
KZL Price at posting:
59.5¢ Sentiment: Buy Disclosure: Held
