60c level gone - yet again. dare we buy more in it this time? or not?
anything else with their assets would be a lot higher a long time ago- holding some - selling some - orders in - defy anyone to pick next move on this one
i like this article about AB but when? my guess is price moving up in anticipation so keeping some skin in this game
28 April 2011 http://finance.ninemsn.com.au/newsbusiness/aap/8242317/chinese-may-jv-in-kagaras-admiral-bay Kagara Ltd says a joint venture partner for its Admiral Bay base metals mining project in Western Australia is likely to be Chinese.
+ Chairman Kim Robinson says the miner is keeping its partnership options open for the Admiral Bay lead, zinc and silver project in WA's Kimberley region, which it bought from Rio Tinto for $2.5 million and has the potential to yield several billion dollars in revenue.
China's Guangdong Foreign Trade Group, which holds a 18.9 per cent stake in Kagara, could be selected as the joint venture partner but the miner was keeping an open mind and had engaged a bank to canvass the project to the broader market, Mr Robinson said.
Kagara would retain operatorship of the project and make a decision on the partner by September, he told AAP on Thursday.
Mr Robinson said a 72 million tonne zinc and lead resource in the inferred category of Australia's mineral reporting code had been defined from only 2.1km of an 18km strike length at Admiral Bay.
"It's also got an awful lot of silver in it," he told the West Australian Mining Club in Perth on Thursday.
"It's an absolute beauty - a tier one, world class deposit.
KZL Price at posting:
60.5¢ Sentiment: Hold Disclosure: Held
