I would hope that management are being truthfull. This would be not the only company that appears way oversold. They say they are reducing costs but with the zinc price still falling,margins are not that great. Combine that with current global slowdown,invester sentiment at multi year lows and their debt,I can still see the sp dropping more unfortunately. Even though I still hold,I am not very comfortable with their short to medium term sustainability.
KZL Price at posting:
25.6¢ Sentiment: Hold Disclosure: Held