KZL 0.00% 12.0¢ kagara ltd

big sell off, page-2

  1. 11,119 Posts.
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    nasty1

    What I noticed today was that base metal companies that I follow performed poorly, while gold and oil/gas companies did much better.

    I suspect the fall was caused by fear from DOW fall etc, and KZL (and some other miners) have been proped up by takeover speculation which tends to get discounted when fear takes over in investers minds (me included as I do not have "deep pockets").

    KZL could fall a fair bit more. Its got a great longer term story, and is highly regarded by brokers, but short term it may be a sell in the light market turmoil.

    loki
 
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