I think CAZ is a genuine takeover target but not for more than 70 - 80c atm. The region that Parker Range is in is possibly due for consolidation by a larger player ala Polaris. Potentially at least. I am aware that HK investors have been circling for some time via some of their placements - they are our white knights. Once the DFS is released and all is cosy, we may see some new sub. holders and the games may then begin. This is of course is assuming the DFS is sound via a port. All perhaps.
Ann: Appendix 3B , page-23
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