KZL 0.00% 12.0¢ kagara ltd

Kagara Zinc, page-5

  1. 47,091 Posts.
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    Yes, I have been posting occasionally on KZL since I bought some at 27 cents in January and it is very nice to see it holding above 40 cents this month with moderate to high volume.

    The chart is also impressive and I would expect the uptrend to continue for another year or two after which the shares would be trading at around $2.

    They have an informative web-site www.kagara.com.au if you want to do some fundamental research.

    Construction of the ore processing plant at Mt Garnet, Nth Qld, has commenced and should be ready to start production of zinc, lead, silver, copper and gold concentrates at the end of the year.

    Their high grade ore bodies will assist in making KZL one of the lowest cost producers in the world generating excellent profits even if current low metal prices continue.

    Much of the buying over the past month appears to be large orders from investors who are getting set for the mid to long term.

    Dave R.
 
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