KZL got caught as did every other mid tier miner in the GFC. They got caught with their pants down in the middle of a big spend on projects including Mungana. They have tried desperately to trade their way out of the mess and continue to do so, but the assets base is big and the costs are strangling them. If the LME is kind, then they will survive, but I would not be surprised if the metals continue to slide with the long term bear market we have entered.
I like KZL but dont think we will see big numbers in the SP for some time to come if ever.
KZL Price at posting:
50.5¢ Sentiment: None Disclosure: Not Held
