KZL 0.00% 12.0¢ kagara ltd

I hold a number of stocks, i dont post on many because most of...

  1. 2,178 Posts.
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    I hold a number of stocks, i dont post on many because most of the other forums have sensible posters, not ones that post rubbish about stocks just because they have lost money. you seem to ignore the damage the GFC did to a company in a strong growth phase, many of the issues that have plagued KZL are out of its control, Time will tell who is right.

    As far as CSE goes, Kim has KZL in a win win situation, if CSE share price stays at the current levels or goes lower he will have a chance to get the company, on the other hand if it goes to the stratospheric heights that some of the CSE posters are expecting ( which i personally doubt) he will make us a bucket of profit anyway. even if it Goes to the 18c that the Chinese have entered at, he will make a tidy profit. Maybe you can enlighten me on where these lost millions are, or was it just an emotional statement that you made on the spur of the moment.

    By the way, i am just about to increase my holding in KZL this morning, i notice you still have not taken your own advice.

    This is the amazing part, you wrote. :Its those , over promise and under delivery that is causing Kagara's share price to continue to get bolted. Natural disasters? there is somethin called as Force majure, which can be applicable if it was that severe. U'r a seasoned investor, I am sure you are well aware of it.

    I dont know if you are aware of it but those promises were pre FEB 2008 and if you read the article below from core economics you may realise that this was just prior to the massive upheaval for Australia, you have scant knowledge of the kind of growth path that KZL was on and the huge revenue stream they had. This company was on a high growth path at the time which included quite a bit of debt, which is quite normal for a growing company during normal times.
    When the GFC collapsed metals prices and took away all the revenue KZL had to go into survival mode, it did enormous damage to our company, some of which we are still recovering from. I remember OZL spent their entire war chest of over $1b and still had to sell everything except prominent hill to stay alive, yet you continue to ignore what the gfc did and the exact situation KZL was in when it hit and why they were damaged more than most.

    Core Economics:

    In early 2008 it seemed that the Australian economy could do no wrong. Unemployment hit a low of 3.9% in February, GDP growth was strong and the prices of our exports were growing at unprecedented rates. Profits were up and consumers were spending. The only dark cloud on the horizon was the increasingly poor performance of the US economy, which had gone into recession in November 2007, and some faraway problems in overseas banks and credit markets. Our share market had hit a few minor hurdles after peaking in November 2007, but was still close to record highs after four years of double digit growth.

    How can you expect promises made prior to this event to be kept.

    I have made a lot of money from trading KZL in the past, i expect to also make money into the future. You have no credibility when you have a sell rating and continue to hold, you obviously think it is worth holding.

 
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