I take a different view on where this maybe headed, check the charts and you will see a big gap
There were three gaps that I can see on the 6monthly
First gap was between 32.5 & .33, thats been covered. Next gap is between .48 & .50, my gut feel is that will be the target if the Lizard Lounge sale goes ahead, and resource estimate figures exceed market expectations.
The last gap is between .59 cents and .60 cents - Its wishful thinking at this stage for this gap to be covered -- but I'm hoping!!!
Think about it, why did the market push down KZl -- due to cash flow concerns, and GD's plan of a huge exploration budget.... now that some of the pieces of the puzzle are settling in I think KZL is going to cover the gap, and target JP morgan's valuation of 53 cents
Food for thought folks@!
Cheers Mayo
KZL Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held
