Great chart. Thanks for that.What I liked about this...

Great chart. Thanks for that.

What I liked about this announcement is that the uncertainity plaguing KZL is finally over in regards to Mungana. This has been a highly awaited float for KZL and I believe this should add to KZL coffers, letting them invest in Admiral Bay. And again they have finally delivered on their promise of lodging the prospectus by 19th April... As we all are aware market likes certainity. To me this will give institutions and investors confidence.

The share price may not have climbed today, but let it sink in, and over the next few days we should see this run

My gut feel, without seeing what happens on the DOW tonight, is that traders/companies will analyse the IPO details further over the weekend/Monday

Monday morning we should see it break away from its down trend with a gap up words (Possibly 84/84.5 open) Post that, and again maybe I am dreaming, we should see some good buying with the short sellers to start covering and KZL running into the 86-87 resistance.

This is my gut feel, what happens on Monday maybe a different story all together

Let me know what you guys think for the price action in the week ahead

Cheers
Mayo