Kagara
Kagara (KZL) is a leading mineral explorer, developer and producer principally focused on base metals. The company owns a number of deposits situated in Queensland comprising the King Vol deposit. KZL has three operating base metal processing plants at Mt Garnet and Thalanga, with the fourth in the process of development at Mungana. Kagara listed on the Australian Stock Exchange on 22nd December, 1999. During fiscal 2008, the total copper production from Mt Garnet and Thalanga treatment facilities was up to 26,326 tons.
Learn the dividend history for KAGARA LTD. Dividends are a payment declared by a company's board of directors and given to its shareholders from the company's current or retained earnings. Dividends are usually released as cash (cash dividend). Dividends provide an incentive to own shares in the company. Companies are not required to pay dividends. You are eligible to receive KZL dividends if you own the KAGARA LTD shares on the ex-dividend date. Investors and traders must purchase the stock before the exdividend date to be entitled to the dividend.
Macquarie Infrastructure Group (MIG), a company that concentrates on the toll road construction and operation business was the worst performer in the ASX100 list in the 4th week. The company lost 13.1 percent or 18 cents to its stock price and was closed for the week at $1.22.
Here is an update on the Australian Resources Sector provided by Australian market analyst UBS.
Small Cap Resources
The resource sector has continued to outperform the market as a result of strong global demand. In today’s note, Macquarie Research Equities (MRE) reviews some the smaller cap players that have a strong outlook including Kagara Ltd (KZL) and Felix Resources Limited (FLX)
Kagara Ltd (KZL) – Outperform $5.60 Target
Perilya (PEM) was the overall best performing stock taking in a 18.9 percent increase in its share price this week. It was a mixture of metal mining, engineering and logistics companies who were among the best performing stocks for the week 8 of 2008 on the Australian stockmarket: Downer EDI (DOW), Oxiana (OXR), CSL (CSL), Perilya (PEM), Boom Logistics (BOL) and Kagara (KZL). These best performing stocks for week 8 of 2008 managed gains above 12 percent by the end of the trading week.
With the fall in Oil and Gold recently some traders have probably undertaken some profit taking strategies. There is still Hope for the Resources sector - the fall was governed by no more than "Fear" and "Greed". There may be more volatility in the forthcoming market sessions with fingers pointing to an amount of speculative money that was driving up oil, gold and base metals prices in the beginning of 2006. GSJB Were reckons not to lose hope on the resources sector.
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