I am taking a more aggressive view on CAZ, because when news comes I expect it will be in a trading halt and then gap up or down. I also think the profit taking is subsiding and we may see a few serious buyers around these levels (interesting to see the substantial shareholder notice today, I wonder if they are buying more) If the decision goes with CAZ and RIO don't kick up a stink(possible for political reasons) I think they could be $5 quickly. If CAZ win but it goes to courts then probably $2 - $3 (wild guess) If CAZ lose they go to 50c Some suggest if the decision, grades, and everything else goes well CAZ could be a $10 stock. All in all with my risk profile I am happy to be long the stock, and bought a few more today around $1.16. There is obviously 50%+ downside which any punters should be aware of. I don't use the term investors because it is impossible to value this stock - it is either 50c or $5+
Good Luck, Barra
CAZ Price at posting:
0.0¢ Sentiment: None Disclosure: Held
