You don't seem to follow it close enough, i would say a turn around in profit from a multi million dollar loss $90m if i remember correctly but not sure and cant be bothered looking it up, to $3.5m profit is not a bad turn around.
You forgot to mention approx $20m profit from nickel this year also Vomacka to add to production, Mungana Gold should be producing in 18m to 2 years and Admiral bay getting a joint venture partner, exploration upside is immense with the land holding they have, i see plenty of catalyst for the share price going forward.
Lounge lizard area has a lot of exploration upside.
I don't see how you can expect every announcement to be exactly on time to suit you, these guys have always just chipped at the rock and have never been ones to try to inflate the share price with fancy fanfare announcements.
This Coy was right in the middle of a growth phase building the Mungana base metals plant when the GFC hit, they had borrowed money like every other company does during a growth phase and were unlucky to get caught out, if it had happened another 4 months later then the plant would have been in production and things would have been different.
I think they did an excellent job at saving the company, too many people willing to put the knives in yet they were happy when the stock was $7.80 and paying divs. These guys have played the hand they were dealt by the GFC and have made a fist of it. Anyone who can take a $5m float to a $1.5b company in a few short years have got my vote and i wont be sticking the knives into them as i know they will do it again.
KZL Price at posting:
80.0¢ Sentiment: Buy Disclosure: Held
