CAZ 0.00% 1.8¢ cazaly resources limited

Giant Tenement Application in Ashburton

  1. 3,899 Posts.
    lightbulb Created with Sketch. 1273
    Well, CAZ sure has been having some decent 2-way trade the past few days - exactly what you'd espect at previous resistance levels.
    I doubt this is the main reason, but it seems as though the company has applied for a sh-tload of dirt in the Ashburton region where Miramar ($8m IPO closed oversubscribed in uner 24hrs) also hold some dirt.
    CAZ applied for approximately 2,500 sq km of dirt in the area if my tape measure is working correctly.
    Don't know why this hasn't been reported yet, nor placed in the tenement schedule of Annual Report given that they were applied for almost 1 month ago.
    Any other company would've made a big song & dance about this; however given that it happened 1 month ago, it must be part of a bigger master plan if management hasn't updated the market.
    KZR, RIO, Hammersley Iron all in the neighbourhood.
    I don't know what's going on, just seems to be BIG.
    Hopefully we'll all be the wiser in the not too distant future.
 
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