I gave up following KZL fundamentals but technically I do think its at rock bottom, if it fell below .29cents (GFC low of 2008) would indicate serious underlying fundamental problems. I spose for us to be at bottom metal prices have to be at there bottoms and dollar at its top, Id hesitate to say the AU dollar is near the top of its range and metal prices have way overshot to the low side so the bottom senario makes sense.
When will we go uptrend? = no idea How far up can we go? = no idea but Id be over the moon just to see us back to $1.
Summary, we are at rock bottom, potential up is many times greater than potential down BUT if we should continue to fall past .29 then I would hit the stops and have to re'evaluate.
thats my 2 cents...;)
KZL Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held
