Fluffy,
The options are due to be excercised very soon - no underwriter as of yet - who wants them? I think we'll finally find out what is happening with CAZ within a few weeks as the absence of an underwriter is very very odd IMO.
I know we have discussed the issue of having the options underwritten before on the thread. I don't think the options need to be underwritten as they are so in the money. Unless the share price dips below 20c, they are safely in the bag. Remember a company can always do a placement to Nathan if it needs money. I don't think he's too fussed if the oppies are or are not exercised, there will always be other avenues of funding available.
CAZ is Macmahon's baby and he has a truckload of shares (over 12m of them) - this is why it is not being diluted - he wants to create as much shareholder wealth as possible (for his own sake). I feel patience will pay as my experience and instinct tells me that alot is going on underwater atm IMO.
Absolutely.
He'll have to stop buying 5 days before the quarterly which is now.
Yes. But I don't want to build any false expectations from the quarterly. I expect no news to be on the safe side. There is no reason why news of port allocation should coincide with the quarterly. Some other news should be good.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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2 | 1526470 | 0.017 |
3 | 1024818 | 0.016 |
4 | 392730 | 0.015 |
2 | 1269300 | 0.013 |
Price($) | Vol. | No. |
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0.019 | 217554 | 1 |
0.020 | 46000 | 1 |
0.021 | 310000 | 1 |
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