the sell off to the Chinese at 90c was this week. assume it was approved? anyway it is no surprise that the market always drags the price down to the same level. no-one will pay more than someone else even if it is worth a lot more. silly but there it is. these cap raisings are necessary but always act as a lead balloon. thankfully it means I can also top up at these levels. so no surprise that price has fallen to the 90c level. I have been buying it each day this week and at some stage it will quickly pop back up to $1+. buy and sell each day and get your average down on it.
so I see it as a hold at these levels with lots of upside
problem also is the dow and asia. they have dragged everything down this week.
my target on kzl is $1.70 and then $2 and then $3+.
have you noticed the chart and the higher lows and the uptrend.
just watching dow and china very closely. if an imminent collapse then get out and buy back in lower.
if dow behaves and just moves sideways then KZL is already recovering. have a look at the asx site and google finance announcements on it. you can see there is lots of news due which will double this in no time. it is all good.
