Gself, yeah I live on an island continent called Australia. I presume you live somewhere here too!!
As far as I recall, OZL is the combination of Oxiana & Zinifex, which almost landed them in trouble. They were down to 50cents and went into an extended trading halt. haven't followed OZL to know if they have offloaded there other assets.
if you read my posting, mentioned that i bought at roughly the peak in jan 2010, yes they were above $1.25, roughly the price I paid, ie right at their peak for 2010, since the drop they haven't even gone back to $1.00 thats what I am saying.
gee whiz you could say sensitive... falls off cliffs, $1.28 to 48cents...literally. I am aware of KZl and its impacts, I'm just having a whinge, coz like any other investor, we make decisions, and sometimes not all decisions go to plan.
However if you look at other base metal stocks, they have bounced, and bounced really well, implying the market perceives their growth story as more robust, unlike the lemon trajectory that KZL is delivering at this very moment.
And I recognise that these guys have some great assets, but my gut feel is that they are not delivering on what the market expects.
Cheers Mayo
KZL Price at posting:
75.0¢ Sentiment: LT Buy Disclosure: Held
