AZZUMAH
Interesting u put this proposition forward, because the same scenario + a further twist was being talked of as if fact at the gym on Saturday.
The scenario is that BOTH BHP & RIO will be in the market to soak up CAZ bailers.
BHP because the blending value of the ore (should a legal appeal be possible & have a show) is of great valuable to them
&
RIO as an insurance policy against any legal appeal ie just as with their buying off KIM to avoid a legal challenge by KIM re some Argyle ground.
Sounds somewhat plausable EXCEPT that RIO's game with this EL has always been as a block to BHP - not to develop it as a producing mine for themselves (grade too low & logistics too hard). So keeping it in the courts (if it indeed can be appealed to the court) forever would acheive the same ends as retaining the EL uncontested.
However, it may be far cheaper & more expediant for RIO to take control of CAZ via a cheap on market play and have the whole thing just fade quickly into history. After all, the market cap of CAZ may well be south of $20m in the coming days pricing control a fairly cheap insurance position.
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.380M |
Open | High | Low | Value | Volume |
1.5¢ | 1.6¢ | 1.5¢ | $3.149K | 207.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 350567 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.015 |
3 | 533705 | 0.014 |
4 | 1149066 | 0.013 |
3 | 618603 | 0.012 |
2 | 1100000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 350567 | 2 |
0.017 | 54000 | 1 |
0.018 | 625000 | 1 |
0.019 | 671540 | 2 |
0.022 | 136363 | 1 |
Last trade - 15.13pm 02/09/2024 (20 minute delay) ? |
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CAZ (ASX) Chart |