Ann: Company Presentation, page-67

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vigilante3

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15/09/18

14:23

Post #: 35621714
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Originally posted by prawn_man ↑

There aren't many things worse on the ASX than watching the shareprice of your stock just dribble away. Especially when the fundamentals were good at the time you put your hard-earned into it. Oh sorry, there is one worse thing! Selling at a bottom and then watching it bounce through the roof. (And I am saying it from experience.) Yes, it is a cruel game, and not for the faint-hearted!

Relevance you ask? CZN is a specky and it is at the tipping point.
Can it go lower than 0.7 cents? Maybe. But some good drilling results at one of the new anomalies will change all that.
Has it got the best cobalt grades on the ASX? Yes (tell me a better one).
Is the mining and processing going to be relatively cheap and easy? Yes, maybe the best of all the Australian-based cobalt plays on the ASX.
Have the fundamentals changed in the last 6 months? Yes, it got better. The new geophysics & soil geochemistry are pointing the way to the next drill sites along trend.(Drilling is no longer flying blind.)
Are the recent drill results good? Yes, CZN has found the east and west extensions of Cobalt Ridge, and my estimate of the in-ground value of cobalt is US$150 million, & double that with copper credits (see posting above). And Cobalt Ridge is one part of the +18km of the trend, and the other sites have yet to be drilled.
Have the drill results been too slow? Yes, but all speckies on the ASX have the same issue.
Is the management a bunch of shadey no-goods? Maybe, but they can't be worse than the CEOs of bank and financials who are parading before the Royal Commissioner.

I could go on, but will stop. CZN said results will be ready soon ("Drilling program expected to be completed in the current quarter - see 27 Aug 2018"). My message is just a bit more patience, amigos.

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Thanks for the post Prawn_man, you've given me the strength to hang on for another few weeks.

CZN Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $2.671M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
18	3271568	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	2140460	3

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No.	Vol.	Price($)
18	3271568	0.004
12	6817335	0.003
9	10810500	0.002
8	15300024	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	2140460	3
0.006	2594037	7
0.007	2435298	8
0.008	1061129	5
0.009	500000	1

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Ann: Company Presentation, page-67

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