If you check their website, KZL have indicated that the quarterly report will also comprise a revised earnings forecast (obviously downwards), but hopefully not in the red. I’m with Tastagra in not expecting an overly positive report. In my view, the key current constraint on the share price is the short term cash flow issues they are facing. In light of this, a further improvement in production costs and the completion of the Lounge Lizard Sale should be triggers for an improvement in the share price. An increase in production costs could lead to a hammering tomorrow.
KZL Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
