Ann: Five Year Strategy Presented at Chillagoe 21, page-6

re: Ann: Five Year Strategy Presented at Chil... The sell off was because of knee jerk reaction to Lounge Lizard.

When you read this text it looks like they are preparing to sell it off:

A strategic review of the Company's assets has determined the nickel assets to be non-core and Kagara has appointed Goldman Sachs & Partners Australia Pty Ltd to advise the Company on the process for monetizing the Forrestania nickel assets, including the producing Lounge Lizard tenements. The Company is at an early stage in this process. This decision is in line with maximising shareholder value by focusing the Company on the further development on its core business in North Queensland.

But if you take into account the expected fall in nickel prices in 2012, 2013, it's a good idea to sell it off and channel the money into other operations. I.e. Zinc & Admiral bay. Kagara is a bit extended at present.

I think the jury is still out. We should wait for the analysts that went to North Queensland to comb through data and to report on Kagara's Q&As. I will also post here in a day or two my thoughts.

In the meantime I'm still buying KZL and below is a Nickel price forecast by 'the economist'.