CAZ 0.00% 1.8¢ cazaly resources limited

Some Observations

  1. 3,899 Posts.
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    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.
    CAZ_IT.jpg
    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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1.8¢
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Mkt cap ! $8.183M
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No. Vol. Price($)
1 208366 1.8¢
 

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1.9¢ 349028 3
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Last trade - 16.12pm 03/05/2024 (20 minute delay) ?
CAZ (ASX) Chart
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