KZL 0.00% 12.0¢ kagara ltd

re: macquarie update Jebigabre,don't get me wrong on this...

  1. 5,867 Posts.
    re: macquarie update Jebigabre,
    don't get me wrong on this stock-have advised a lot of people to get into this stock over time (personally , not on chat forums), and I maintain them very highly on my watch list.
    Their model is very lateral in its approach and the quality of their geological work/mine plans/ metallurgical work has been first class.
    Most investors would not appreciate how difficult it is to jump from one mine to another-it is bad enough when they are next door to each other let alone 100kms away-with different mine plan configurations, ground conditions, metallurgy etc.
    They deserve to have a long life operation in their portfolio given the quality of the work they have done to date.
    For reasons previously indicated, this may not be the one, and I don't think it is worth chasing the stock past these levels if you are an investor.
    If you are a trader, good luck.
    Cheers,TAS
 
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