In answer to a few comments here, no I don't believe KZL is being manipulated nor do I believe in fanciful ideologies without facts. The idea that one big investor is driving down the share price and must be the reason for it's fall is plain nonsense. I could have found five reasons why to sell KZL a week or two without too much trouble at all. So the stock fell 25% in a month. BIG DEAL! It's a spec stock because of the risk associated with it's greenfield production sites. Volatility is part of the game. ANZ won't margin lend on it all anymore, so to me it's a spec stock. For an out of industry contrast, have a look at a GNC chart. After the floods struck. Graincorp stock fell 25% (from $8 to $6 or so and after they reported good results) because of the expected damage to grain supply etc. KZL is no different and will take time to recover. Even if the copper prices falls 10% between now and the EURO zone summer, I'd still buy KZL because all the above is factored in at these low low share prices. I think many of you have underestimated the damage floods can do to production and the time it takes to recover. Typically investors react worse than to floods than falls in commodity prices. KZL has had some unfortunate luck to be suffering from 4-5 issues at once including these. Still their EPS for the rest of 2011 and 2012 will fly so sell if you want, I'll take your stock off you. I'm not scared of broker trainees playing with sell numbers on market depth, which goes on in just about every ASX listed stock.
KZL Price at posting:
57.0¢ Sentiment: LT Buy Disclosure: Held
