HT said it quite well. ANZ forcing KZL out of loss making operations was a good thing. They just have to bide their time now and have the assets and cash to do so and let the majors suffer for a bit to force production cuts. If that happens as mines close then pumpala. We get our opportunity to relist. The zinc market is much stronger than it looks on the surface but the big elephant in the room is how much zinc China can produce itself next year. It may well be more or equal to mine closures. Nobody seems to know. If mines close, demand strengthens and Chinese production comes in lower then expected, KZL have a very good chance. Then the variables will weight accordingly. Gambling at your finest really.
KZL has transformed into an IPO type prospect made up of private investors. Not a total loss but untradeable nevertheless.
KZL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held