It's very likely that CAZ missed the boat and MIN will get the allocation. This will undoubtly result in shortterm 'dissapointment' selling. However, it is hard to argue with solid numbers in a DFS, if the other scenario proves viable, then I would be very surprised if the SP will be aroud current levels.
The delay in production will be a matter of months, what are a few months in the sceme of time? NM is no gambler, I'm sure he knows he will have provitable mine, one way or the other.
Either way, the decision in finally made and will take the uncertainty away that has been surrounding this stock for a long time.
If we get a solid backup plan I expect only a short term dip in the SP.
And what about some good news from one of the other projects CAZ has is fingers in....
Time will tell.
Roel
bad news?, page-20
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $10.14M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.1¢ | $48.62K | 2.253M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 232104 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 545423 | 3 |
View Market Depth
| Last trade - 15.38pm 22/07/2024 (20 minute delay) ? |
| CAZ (ASX) Chart |