Hi Guys,So I was wrong on my prediction re: an open of 84cents...

Hi Guys,

So I was wrong on my prediction re: an open of 84cents on Monday. However in the face of a DOW meltdown I thought KZl did pretty well.

Few things came out of today's trade;
1) Clearly sellers/short sellers did not want to take a chance to break the support line at .81ish
2) Most resource stocks (Apart from Coal sector) took a beating. Remember if your unloved, u generally take a good hit... However KZl only lost 1 cent.
3) Remember the record date is 27th April. For this to occur one needs to buy shares roughly by the 20th or 21st April(2/3 days settlement + 26th April (Public Holiday/No Settlement date)
4) To me Tue 20th/Wed 21st should decide how much the market loves the float, as I think we should see more activity on these days, and lots of buying to be able to get in the float by being a KZL holder.
5) lastly, KZL formed a nice hammer today. technically ready for a jump

What do you think of my reasoning? Thoughts/Ideas welcome

Cheers
Mayo