CAZ shares are effectively being sold for free.
No doubt in my mind the board (shareholders themselves) will want to unlock this cash and pay back to shareholders in the form of a capital return.
Easily see them do a $0.05 capital return, retain about $3.5m/$4m in cash to explore and acquire new prospective projects and shareholders get to keep their exposure to all that upside plus the future Parker Range royalty for free.
Almost like an abitrage opportunity.
Ann: MIN: Finalisation of acquisition of Parker Range Project, page-11
Add CAZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $7.842M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $4.117K | 239.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 233482 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 166666 | 1 |
View Market Depth
| Last trade - 12.30pm 09/08/2024 (20 minute delay) ? |
| CAZ (ASX) Chart |