KZL - Kagara Limited

[Pat]

Re: KZL - Kagara Zinc

KZL has just broken support IMO. there was a support level around 5.55 but broke that today.

with copper and zinc prices dropping i see the potential downside around next support levels around 4.55 and 4.80 ish i believe.

qtrly brought a net profit that was nowhere near as big as expected and has quickened the pace of the sp slide.

i wish i had access to a CFD platform as i would have shorted many zinc stocks lately.

Looks like it's bounced of your support DJ.
Seems to have formed a nice base at $4.80.

 

[nizar]

Re: KZL - Kagara Zinc

So who and how do you pick up cheapies??

A few trades went through at 7:49am this morning, and some of them for as low as $5!

 

[dj_420]

Re: KZL - Kagara Zinc

yeah wish that was me, is it sophisticated investors that pick them up? i dont really understand, is it offmarket trades and then the broker informs ASX in the morning or what?

 

[MiningGuru]

Re: KZL - Kagara Zinc

Finished strongly today.

Is there a potential takeover of this in the wind?

Someone is accumulating.

Strong finish on a down day for mining stocks!

 

[Ken]

Re: KZL - Kagara Zinc

I received the following email this morning via email - I hope I am not breaking in rules but this is what I received. I didnt buy, dont hold, and dont plan to.

THIS WEEKS STOCK IS Kagara Zinc Ltd (KZL)

Kagara Zinc Limited (KZL) is a base metals exploration, development and mining company. KZL is primarily focused on base metals production at the Mt Garnet Zinc project, establishment of a second base metals plant near Chillagoe, copper production at Thalanga, development of a large scale underground copper/gold mine at Mungana and assessment of the Admiral Bay lead/zinc/silver deposit.

March quarter copper production increased by 34% while zinc output was reduced by 28% due to heavy monsoonal rains. 70% of this quarter's cash flow was from copper. Zinc production is expected to recover the as the wet season finishes.

2008 zinc prices look like being higher than those of 2007.

 

[michael_selway]

Re: KZL - Kagara Zinc

I received the following email this morning via email - I hope I am not breaking in rules but this is what I received. I didnt buy, dont hold, and dont plan to.

It has nice numbers

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 16.8 56.5 70.7 62.2
DPS 0.0 15.0 19.0 16.0

EPS(c) PE Growth
Year Ending 30-06-07 56.5 10.6 236.5%
Year Ending 30-06-08 70.7 8.5 25.1%

thx

MS

 

[svensk]

Re: KZL - Kagara Zinc

From a TA perspective, things are looking nice. Recently broken through resistance on good volume, combined with a positive looking rsi and macd, and the fact the sp is straddling the upper bollinger band, all signs seem to point to continued bullish behaviour.

The recent outbreak has triggered a buy signal according to my trading criteria, but i'll be papertrading this one. Hopefully all goes well

edit: sorry for the blurry picture. Still working out how to attach awesome charts

 

[PureCoco]

Re: KZL - Kagara Zinc

Kagara Zinc Ltd has been in a trading halt since Friday last week any idea why? the Market depth is showing some person/s putting in buys of 268 amounts of different prices but continuously why would you do that?

 

[YELNATS]

Re: KZL - Kagara Zinc

Kagara Zinc Ltd has been in a trading halt since Friday last week any idea why? the Market depth is showing some person/s putting in buys of 268 amounts of different prices but continuously why would you do that?

And those buy amounts are all well above the last price of $6.18? Are there any rumours in the market of a takeover for KZL?

 

[PureCoco]

Re: KZL - Kagara Zinc

I think some one is having a joke with all these 268 buys in perfect 5 cent increments up to $8.35 now whilst the first sell is $6. I honestly think it is some smarty putting in buys for the day only. Almost computer generated if you look at the increase in buys.

Otherwise, someone knows something but odd might be OCD

 

[Dukey]

Re: KZL - Kagara Zinc

I think some one is having a joke with all these 268 buys in perfect 5 cent increments up to $8.35 now whilst the first sell is $6. I honestly think it is some smarty putting in buys for the day only. Almost computer generated if you look at the increase in buys.

Otherwise, someone knows something but odd might be OCD

This is really fishy huh?? And with Trading halt since friday... could be good or bad news coming - but with this mob I'd bet on positive news rather than neg & I can tell you - I REALLY wish I still had my KZL shares just now :bonktook profits some time back).
I have no idea whats coming for KZL - but Re-opening could be very very interesting.
Good luck to all holding ...
-May your chooks turn into emus and peck your dunny down :mexico:.

 

[PureCoco]

Re: KZL - Kagara Zinc

Well I was right. It was some OCD person stirring the market with the 5 cent increments. They have all disappeared now! If the intent was to arouse buyer interest it worked.

Isn't it a bit naughty though. Lead up the garden path. Well I hope the announcement will be worth it and last. I think that sort of behaviour should be banned. A sort of ramping perhaps?

 

[delta05]

Re: KZL - Kagara Zinc

There was a big block of shares purchased in the last few minutes before close on Friday, before the trading halt.

 

[YELNATS]

Re: KZL - Kagara Zinc

Just announced by KZL at 2:32 pm today:

First paragraph reads:

Quote

The directors of Kagara Zinc Ltd are pleased to advise shareholders that initial extension drilling of the high grade Red Dome gold-copper-silver-molybdenum poryhyry deposit has considerably enhanced the probability of a major gold development centred on Mungana and Red Dome.

Unquote

 

[YELNATS]

Re: KZL - Kagara Zinc

Trading halt is over, fantastic initial market response to the annoucement, up 11% to $6.84. regards YN

 

[Love Zn]

Re: KZL - Kagara Zinc

Just wondering what people's thoughts are regarding next resistance is? Looks like support around $6.80 or if it falls through at $6.45 and next resistance at $7.40-42.

Weekly chart to take some of the daily noise out

 

[Col Lector]

Re: KZL - Kagara Zinc

Promising results at Admirals Bay project WA.....announcement this afternoon. Plenty of holes to go so expect drill results to gain market interest once turbulence settles.

Kagara Zinc Ltd is pleased to announce that ABRD001, the first diamond drill hole completed by
Kagara at the Admiral Bay zinc lead silver deposit, has returned high grade assay results of
8.3% zinc and 4.9% lead over a 20 metre interval from 1,321 metres to 1,341 metres. This
interval, which approximates a true width, includes a very high grade 6 metre interval from
1,326 metres grading 18.5% zinc and 5.4% lead. Assays for silver and barium are awaited.

 

[YELNATS]

Re: KZL - Kagara Zinc

Another trading halt called for KZL at 9.49 am today. Wondering how significant the (favourable?) news will be?

 

[Aargh!]

Re: KZL - Kagara Zinc

Good announcement I think. Shown 2.5 million tonnes at Mungana and King Vol.
With this volume and grade expect a processing plant at Mungana.

 

[michael_selway]

Re: KZL - Kagara Zinc

Good announcement I think. Shown 2.5 million tonnes at Mungana and King Vol.
With this volume and grade expect a processing plant at Mungana.

Not a bad annoucement

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 40.7 64.9 65.2 62.3
DPS 0.0 16.0 19.5 22.0

thx

MS