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angusmcfangledang

3,402 Posts.

541

07/10/20

13:56

Post #: 47912012
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Originally posted by dazatoN: ↑

CAZ

50/50 JV with FIN
20/80 JV with WML
11mill cash
Directors have bought plenty over this year
Imminent project acqusition due next week. Here is why
Here is a link to theDiggers & Dealers exhibitors.
D&D starts on 12 Oct. & CAZ is exhibiting.
Why bother? As it currently stands, there's absolutely no reason why the company needs to waste money on a booth to tell the punters that they're a well cashed up speccie.
I'll tell you why - I believe that between now & then they will have a reason for taking that booth.
The fact is that all the directors have skin in the game.
They have proven they know how to put a deal together.
The $11.5m in liquid assets is more money than most juniors can hope to see in their lifetime and opens the door to a potentially large deal - without the requirement for a CR to accompany any such deal.
This means that there'll be no insiders getting set on the cheap who can dump their stock into the good news.
If my theseis is correct, then we're within 8 trading days (including today) of a report, and the only way to get set is on market.
It seems to me that the stock is being accumulated on the back foot, with Argonaut the largest buyer over the past month or so.
Argonaut is a decent shop as far as Aussie brokers go.

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What price do you see as a good entry at this stage of the game?
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