Here we are again Freeprom this time on CAZ. I have made some...

Here we are again Freeprom this time on CAZ.
I have made some descent gains on CAZ and have been trading since its highs of around $2.00 before losing hard fought battle with Rio.
I also got stuck before GFC at 73c but since then have averaged down where I am quite comfortable / confident holding.
It is really strange to see that it is only the directors who keep buying the shares and no one seems to be keen on following the Director. Also one would think that there would be a limit where even the director would stop buying if he does not see any value in the company. He would not keep throwing his money just to hold the SP.

Obviously if we consider the share on issue and the potentials it has, 40c seems fair value. And remember we had "institutions of the highest calibre to the Cazaly's share registry" (since 06/05/2010)who paid the price of 55c to get on. Are they still on with CAZ? And finally the worrying thing would be the cash burn as well.
But... Hold on.....hold on tight