Does KZL warrant todays $150m MC compared with yesterday's $250m MC based on anns of costs cuts, current sales, copper and zinc prices down albeit now stable and a high AUD that looks to have come off its peak for now?
Guess thats the question.
Tomorrow may see some further forced sales imo through expected margin calls and the like, which may cause renewed selling for a period of another 24 hours.
Worth an entry some time between now and just after lunch tomorrow.
timing is everything for us 2-3 point chasers.
KZL Price at posting:
19.5¢ Sentiment: ST Buy Disclosure: Not Held
