Absolutely gutting news. I assume the Minister does not make public the reasons for his decision.
My predictions.
CAZ will announce Plan B which will delay start of mining and resume trading.
SP will tank 20%
Nathan McMahon will buy a million more shares on market
SP will rise 25% (to take it to where it was before the 20% tanking) because ah look, director bought a million.
No announcements for a few months and SP will lose 20% again.
InsideTrader will tip CAZ again and it will rise up 40% in less than two days.
After a few more weeks, mining begins. CAZ approaches $1 share price.
And oh, yeah, CAZ could be taken over as well which might be a more pleasant outcome than the above roller coaster for most holders.
bad news?, page-17
Add CAZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.380M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 344821 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 131056 | 2 |
View Market Depth
| Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
| CAZ (ASX) Chart |
Day chart unavailable