You wont make much money if you buy stocks that you have no idea what makes them tick, i am stunned that your reasearch has not told you they were diluted, dont you go back on company announcements?? before buying.
What about the state of the world economy??
A $3.50 share price will give them about the same value as the old $7.50 as we now have double the shares.
Company had a near death experience during the gfc and are now suffering from low metals prices and uncertainty about the world economy.
Personally I think they are way undervalued and they have excellent fundamentals, they are a very well run Company, i have held them since 1999 so know them intimately and have spoken to the boys on many occasions at the AGM's
This is just a very good opportunity to own a good company at a very low price in my opinion. Once the revenue from the nickel and Vommacka come in and metals recover back to over $1 I would sell the house if they were still 50c ( my opinion only ) seek your own advice
KZL Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
