Thanks HT. Sure we have different opinions but if everything thought the same, nobody would be doing any hard thinking.
I see this time and time again. Company's report good profits and are sold off hard. E.g. Your own OZL - Down from $11.60 or so to $10.76 after a solid report.
On the other hand and what I think is almost a preview of what will happen with KZL. Take a look at OST. OneSteel. Reported as large a loss for the first half as I expect KZL will report. I think KZL may have just recorder 4 million in EBIDTA after a horrid Q3. I estimate they will record a 10-mill loss after Q3 & Q4 commodity price improvements are factored in.
A day after OneSteel reported though and upon also announcing the completion of an asset sale, OneSteel jumped almost 30% from 70c to $1.10. The charts are uncannily (is that a word?) similar. I guess the businesses suffer in the way same when zinc & steel.
Here is the OneSteel chart and following is an overlay. It's almost identical. I'd be very surprised if KZL doesn't follow suit.
KZL Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
