They had $1.1mil end of 2024, and operating costs were only $132k. The rest of the expenditure was on exploration.
I'm not emotionally invested here, just took a very small speculative parcel. Basis largely the chart, low opex, reasonable remuneration (share price based incentives would have been nice), $15mil net assets, and a director buying on market. Think from my skim there was also drill results due this half year.
As far as the chart goes, noticed a pickup in volume lately roughly at this price, trading at 52 lows, and it appears a larger seller is just throwing it away at any price likely realising a loss. Not a high conviction stock for me, more a cigar butt punt that I will throw in the bottom drawer / loosely follow, doesn't get much cheaper on the ASX than $2mil.
CZN Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
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