Let's assume that CAZ haven't taken a booth at D&D for no reason.
If that is the case, then why the lack of upward momentum going into a potential report?
I look at past behaviour as a leading indicator to future behaviour.
Consequently, I looked at the last major announcement by the company and whether there were any leaks before.
A leak would be indicated by the share price appreciating prior to the report.
The last time the stock had a significant move was in August 2019 when they announced the sale of Parker Range for $20m plus a royalty.
As you can see in the above chart (white oval), the share price barely moved prior to the announcement and the volume didn't spike either.
How many ASX-listed companies would've exhibited similar trade characteristics?
I dare say; not many.
This illustrates to me that this company is as tight as a drum & there are and will be no leaks of information.
Assuming the company is consistent in its behaviour & there is a deal to be announced, the stock should go into TH in the next little bit & nobody - other than the directors; will have a clue as to the reason why.
I mean, even their TH request for Parker Range was totally obscure: "Pursuant to ASX Listing Rule 17.1, Cazaly Resources Limited (ASX: CAZ) requests an immediate trading halt over the Companies securities pending the release of an announcement to the market."
I don't think any of us will complain if, just as it did back then, the stock doubles upon lifting of the TH.
With $11.5m in liquid assets, the world is CAZ's oyster.
Hopefully my assumptions are correct and we don't have long to wait.
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.183M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 208366 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 349028 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 208366 | 0.018 |
1 | 260000 | 0.016 |
3 | 476128 | 0.015 |
1 | 187562 | 0.014 |
2 | 818888 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 349028 | 3 |
0.020 | 333334 | 1 |
0.022 | 42000 | 1 |
0.026 | 505569 | 2 |
0.027 | 250000 | 1 |
Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
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