With 50% in cash to add plus some assets then one could argue the SP will rebound at some point from here.
copper/zinc prices lower although stable and AUD against the company at present, yes I can see merit in a higher SP.
All comes down to the burn rate of the $80m and the plan going forward to generate higher income at lower cost.
AUD dropping will help as I do precict AUD circa 85-90c by end of year, however this may also see prices in copper/zinc drop further, so a false win in essence.
Still think there is a good day trade here possibly today at some point.
As for holding mid to long term, not so sure.
KZL Price at posting:
19.0¢ Sentiment: ST Buy Disclosure: Not Held
