I don't think the price will stay at 14c either in lead up to the quarterly or after. I also expect a retrace to 22c or thereabouts.
However, there is no doubt that the bond vigilantes will have another crack at trying to collapse Europe over the summer. Will they succeed? I doubt it. Spain is very different to Greece as is Italy. There are a lot more options available to these countries to deal with debt and they will make more credible progress than Greece.
As for zinc and short-term metal direction, we need to have a look at the ILZSG report due out on April 24, the same day as KZLs quarterly report. Then we have all the data we need to figure out short-term direction for both KZL and zinc in the next few months. 6-9 months look positive but I don't think anyone really knows the short-term view yet.
KZL Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
