Anything helps!Monday.
This is an ASX stock we ALMOST invested in back in 2020 but decided to wait for the company to deliver a few more milestones before the time was right for us to invest.
We think that time is now.
In the last few months, the company has delivered on these key milestones and we think that the market has completely missed these developments, either because of exhaustion or because the raw material isn’t in the mainstream news as much as say lithium.
We also like this company because it reminds us a lot of our original investment in Minbos Resources (ASX:MNB) (up 400%) in that there has been years of work done on it and lots of investment, it is later stage with a JORC resource and feasibility studies… but like Minbos back in 2020, stale impatient holders who have been on the ride for too many years seem to be depressing the share price.
We look forward to announcing this latest investment on Monday in our Wise-Owl portfolio.
Hint: The company has a Bauxite (Aluminium) Resource in Cameroon…
Ann: Proposed issue of securities - CAY, page-64
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Last
8.0¢ |
Change
-0.004(4.76%) |
Mkt cap ! $113.1M | |||
| Open | High | Low | Value | Volume |
| 8.4¢ | 8.4¢ | 8.0¢ | $195.9K | 2.446M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2335480 | 8.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 100000 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| CAY (ASX) Chart |