re: Ann: Cazaly Appoints Preferred Rail Haula... Agree Fluffy
Can?t believe it hasn?t moved up but then again its seems quite obvious that certain shareholders have been waiting for these announcements to exit
Needs some broker coverage to increase the volume and mop up the loose stock
Has got a lot of press over the last few days so hopefully people notice and we get a re-rating in the next few weeks
Who knows, maybe Krudd will give us some free publicity since its one of a very select group of projects that is moving forward instead of backwards since the RSPT
From WA Business News
Cazaly deal with Pacific National
4-June-10 by Staff Reporters
Cazaly Resources has announced Asciano subsidiary Pacific National as its preferred rail haulage partner for the Parker Range iron ore project near Southern Cross.
Cazaly plans to use Pacific National to transport iron ore from Parker Range to Kwinana Port.
In a statement, Cazaly said that Asciano provided the only independent provider of a fully integrated port and bulk rail logistics through the combination of the Pacific National Bulk Rail business and the Patrick Port business.
Pacific National has a significant presence in WA and operates Australia's largest freight terminal at Kewdale.
Earlier this week Cazaly signed a deal with Leighton subsidiary HWE Mining to develop Parker Range and also signed a financial and offtake agreement with Euromin.
The company said, "This arrangement now completes a full mine to market solution for the project."
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