Halliday17, There is nothing to stop OZL from buying CZI via a Takeover for a very low price at present. That is the one major fact that a few of us are worried about.
If OZL decided to mine N-B, then the smart thing for them to do is buy CZI first before any announcement. I am sure they are smart enough to realise that buying out CZI for less than one year's return for the 30% of the mine is better than constantly paying out 30% for many years.
If the next lot of drilling confirms a new discovery at OTH, then the decision to mine out there will be an easy one, and I would expect a full re-rating of Cassini. We are currently one of the most underpriced stocks I have ever seen. Given further discovery in the Musgraves and I would expect a price in the 20's before long.
I was first in the buy que again today, and no-one wanted to sell at 6.1c. We are clearly running out of sellers again, but luckily have a few between here and 8c for sale.
As one of the main holders stated to me the other day, if we get 60c-$1, does it really matter if you paid 4, 5 or 7c?? Ergo I can't help myself and just keep buying a few thousand here and there every week or 2.
A quick look at the current top 20 shows most the same as the annual report 6 months ago, with several of us holding more than we did then.
I hold 3.5M and there is only 275m shares in total.
CZI Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
