CAZ 7.14% 1.5¢ cazaly resources limited

"FMG is not a minnow...you are right...and I bet they would...

  1. 959 Posts.
    "FMG is not a minnow...you are right...and I bet they would throw everything at this situation to see RIO get a beating. "

    "I see this as the same and FMG will make sure they win against RIO imo"

    I don't think so Bionic Boy. Read the FMG announcement. It looks like Cazaly's battle to me. As far as I can see the only commitment FMG have made is to explore and develop the tenements IF Cazaly are successful in their application for licences. I can't see anything in their announcement that says they are providing funding or other support to CAZ in their quest for the licences.

    FMG have probably agreed to develop if CAZ get the tenements because it is a win-win situation for FMG - CAZ lose and all its cost FMG is a few thousand dollars legal fees and some management time negotitating an agreement with CAZ, and if CAZ win FMG gets access to a potentially decent iron ore resource at the expense of a major competitor.

    And as far as FMG not being a minnow - puh-lease...compared to RIO it is.

 
watchlist Created with Sketch. Add CAZ (ASX) to my watchlist
(20min delay)
Last
1.5¢
Change
0.001(7.14%)
Mkt cap ! $6.919M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $8.448K 564.6K

Buyers (Bids)

No. Vol. Price($)
4 587276 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 66406 1
View Market Depth
Last trade - 15.11pm 30/08/2024 (20 minute delay) ?
CAZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.