Do I feel sorry for traders who paid $2.10 for CAZ on Friday?
No.
How can you pay an increased price of 700% for a stock based on the acquisition of ground obtained as a result of a renewal oversight by RIO?
How can you pay an increased price of 700% for a stock when you know CAZ's ownership rights to this lease were under dispute?
Basically what we saw was buying based on greed and follow the leader buying based on more greed. Not a thought was given to the fact that CAZ might lose its iron ore ground.
History tells us that the big boys usually win these disputes. So it proved again.
greed gets its reward
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