The new CEO has been on the hustings and many brokers have a buy on KZL. I have seen one valuation of $1.30 so it's not surprising that if brokers are recommending KZL to their clients and the sudden realization that zinc will be the next copper when some of the big mines close is a good reason for this sudden rise. Not to mention it is really undervalued anyway. The recent KZL share price has valued them as a non producer and we all know they are producing and profitably.
I don't believe the takeover theories, they could be right but i personally doubt it as there are to many people with blocking stakes.
That's my 2c worth.
KZL Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
