COZ (ASX) Ann: COZ 2014 AGM Presentation

Originally posted by longreach ↑

A good well-informed summary AmusedObserver of the aquaculture market in Australia, and clearly you have been there/done that!

With regards to COZ the trading remains fairly blocky, with a base of support around 7.0 - 7.2 cents, that seems to continue to be renewed each time it gets hit. But being hit at that level is thinning out, and most of the shares on Offer seem to be moving higher. In fact in the 7 + cents range seems its got extremely thin. I get the feeling that the bigger vulture (according to the theory that I aspire to!) is now getting hungry again, and seems like its moving its Bid price up slightly. For sure if they wanted to the buyer could move the price up to mid 8's with ease but get virtually no stock, but clearly don't want to alert anyone as to the opportunity, esp before there is any further evidence of COZ actually getting its next step on the ladder sorted out. Charting of COZ is looking very nice, still on a slow but upward path, albeit on small volume. You certainly wouldn't want to be exiting in a hurry though, the floor would disappear quickly!

Expand

Longreach,

Informed and been there done that? Awwwwww you just flirting now....

Interesting but no-one has picked up the potential market for chitosan and from harvested and processed prawns if they are de-shelling them given the clean environment Australia has. Must admit prawns, even tigers, are a bit small for this but achieving zero waste in processing is always an ultimate goal.

For small investors it is fine picking off the small market twitches, I agree.

For larger punters, soph's for example, then waiting to see what comes out of the next stage and seeking a private placement would be a better approach. COZ is contemplating a full project lifecycle cost of around $1.5Bn so plenty of time and each stage will have a different risk weighting depending on the results of the previous stage.

I might have mentioned this before, once or twice. I still think taking on Legune Stations is nuts, ballsy but nuts.