They applied for a trading halt on the 29th in lieu of a announcement. The application is in part an explanation why they failed to lodge the half-yearly in time. On Monday, they come out of trading halt at market open and I believe will release the announcement and the half yearly and the suspension and trading halt will be lifted shortly after. Being a few days late with justification won't tickle the nerve of the ASX too much. It's clearly justified with the impending sale of a major asset.
As for LL being priced in. You have got to be kidding right?
The share price was 55c the day before they announced they were selling LL. It fell -30% the next day to 38c. It's down -43% since then @ 31c last trade. Considerable upside now I imagine but most certainly LL is not even close to being factored in. The shorts will get burnt hard when this trades again. All their vain attempts to destroy this little Aussie battler have failed. Shame on them for trying too. Pathetic vultures. They just want to destroy Aussie jobs, families and companies and there will be no Australian miners or manufacturers left. I on the other hand support the opposite.
KZL Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
