Firstly, my interest in CAZ is as follows: Bought in for the first time today (very minor) at below 50 cps.
My intentions: I intended to sell short term, but I did some homework on CAZ and now intend to hold long term.
I was a pi**ed off on behalf of those who have lost a great deal of money at the cavalier refusal of the WA Govt to expalin their decision.
If RIO were to lose Shovelanna the effect on RIO would be equivalent to a mosquito bite on its elephantine backside.
And though CAZ shareholders will naturally be apprehensive about a drain on CAZ resources that taking on RIO would entail, a "crash or crash through" strategy may well be the only choice for the CAZ board if there is nothing to fall back on and CAZ's strategy and foreseeable future is TOTALLY wrapped up in Shovelanna.
But it may not be the case. I don't believe it is. Until I hear facts to the contrary.
I believe that CAZ has good prospects besides the Shovelanna deposit.
(Sir) Lunchalot Resident Scoffer
CAZ Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Held
