Oh this is just depressing, metal prices hitting new highs, even...

Oh this is just depressing, metal prices hitting new highs, even Zinc went over $2500 tonne.
Two things holding us back..

1. Kagara has a hedgeing program which means upward metal movements wont be reflected in higher profits in the short term.

2. The last broker report I can find is from Macquarie 23/8/2010......

"We maintain our Neutral recommendation and price target of $0.72ps. KZL
remains a play for investors actively seeking leverage to a sustained period of
base metals prices ahead of consensus forecasts."

I think KZL is flying under the radar so to speak and maybe will do so till a new broker recomendation is released with a more positive outlook....like....BUY and higher target.

IMO