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22.0¢ cassini resources limited

Simple equation of little company, expensive project, and...

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WangChung

18,219 Posts.

251

22/06/20

17:00

Post #: 45373590
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Originally posted by arsenic ↑

Mixed feelings but the following points occur to me:
1 I've said before quoting a MD " a T/O is at a price the majority of s/h are prepared to accept" if they are not prepared to accept it now it won't happen.
2 I think the price is skinny by at least 2c and I don't think the contingent $$20m for WMP sale make up for that in any way.
3 the T/O implies a large management belief in the perspectivity of Yarawindah and their abilities. I expect they're sitting on the most recent set of assays bad or good. To some extent, they've capitalised on the Julimar find and capital raising.
4 equally raising the funds for funding CZI's part of the project proved a bridge too far. Management will have workshopped it and determined it. That is what has resulted in the T/o price accepted.

All IMVHO more humble now.

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Simple equation of little company, expensive project, and checkmated by a large company blocking any prospect of someone else stepping up to the plate.

Game, set and match Oz Minerals.

CZI Price at posting: 15.5¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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