"In the report released last month it shows NTA of 60c...
so the market curently pricing KZL at 15c is showing a 75% discount to the NTA as advised by the company...
AUD falling... So that helps the company.
What reasons is the market demanding the 75% discount?
Some 10 million are still shorted...could that be the reason? I have 100,000 of these at 16c ave"
Now it's nearly 1/6 of the NTA you mentioned, so market is always like this, when PLA reported NTA 20c/share, SP was 5.9c. Yes huge discount is there but it depends on the management, or there is a coming up takeover bid from China.
KZL Price at posting:
10.5¢ Sentiment: Hold Disclosure: Not Held
