KZL 0.00% 12.0¢ kagara ltd

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  1. 1,548 Posts.
    GSelf - Agreed everyone knows that, they have nearly zero debt as well, and China does have faith in Australias resources sector despite taxation uncertainty, proven with Guangdong Foreign Trade Group's taking a $23.8 million stake in Mungana Goldmines. That alone is worth 20c - 38c range, depending on market cap when listed. LME metals for copper and zinc were up last night at 1.6% and 0.9%.

    http://www.munganagoldmines.com.au/assets/files/pdfs/KZL.pdf

    Re: Zinc - Barclays points out the latest International Lead and Zinc Study Group figures showed continued strong momentum in zinc demand recovery. Global consumption rose by almost 25% in March in year-on-year terms against a 16% increase in refined production in year-on-year terms. A lot of stock and commodities is oversold.

    Wait till all of this passes over, who remembers Dubai when they were in deep water last year?

    When the sp gets to this level it's a question of when you buy, not when you sell...you missed the latter months ago.
 
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