If KZL suspends all production then the company will be in Limbo.
While KZL probably has cash to be on maintenance mode for a couple of years but Limbo mode usually results in a steady decline in the share price accompanied by a dry-up of liquidity.
I watched these waiting for a technical rebound so I could trade them but any recoveries in the share price is very small.
Another sad company that is in KZL boat is Platinum Australia (PLA) but at least these guys did allow me to trade them recently.
I see the support at 12.5c rather than 13c. If this is gone then the next level is 10c.
If you believe that KZL is fine then hold or buy more. Just on a charting perspective its on life support and a slow death is on the cards.
KZL Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
