Pretty clear all the buying done this morning was done by...

Pretty clear all the buying done this morning was done by small/day traders. The US based investment fund that was buying last Monday and Tuesday stayed away from this stock altogether. This is because they either had their fill or the price got away from their buy range, or, more likely, they are now awaiting the Minister's decision in relation to Shovellana.

The lesson is is that a stock requires 'quality' money going into it to sustain such rises that we've seen in Cazaly in recent trading days. Without an institution or fund buying in, the price levels we've seen this morning were too much to maintain by traders/speculators on their own. The gorillas keep the prices up, and not the monkeys.

I exited CAZ earlier today, but will be looking very closely at it as it drifts downwards. Good luck to all holders.