ozblue, I hear you and appreciate your knowledge and input on...

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sean7905

489 Posts.

16/11/16

11:35

Post #: 20653607
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Originally posted by ozblue ↑

I'd personally think they got this raise just right. I originally thought we were all going to be cut way back on our entitlements, but it didn't happen. There were 4M shares not placed. I was lucky enough to get some of them but not as many as I wanted so there was good demand from existing holders, some for more than the $15,000 worth.
I was also lucky enough to pick up another 300k this morning at 5.2c, so I'm happy with that.

With both Copper and Nickel at new yearly highs in the last couple of days, both have turned from bear markets to bull markets, and the value of our resource is going up rapidly. On the opposite of the coin, costs are crashing for energy in the middle of the desert, with solar at record lows and Li-on batteries crashing in price, meaning overall energy prices, our biggest single cost, falling rapidly.

This will quickly turn into win/win for OZL and us in the scoping study. OZL's next project is meant to be Carapateena, but it is deep underground. Our project starting from surface will possibly overtake Carapateena as the preferred option. When no if the logistics problem of distance are solved, then this will be all go IMO.

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ozblue, I hear you and appreciate your knowledge and input on CZI. But the SP had finally turned up after years of declines and was rising when SPP was announced. Had they waited longer they could probably have raised at 10c or higher. They didn't really give it any time to run on the back of the OZL announcement. Maybe they felt they had to give those that were in at higher levels a cheap raising? Who knows. But I personally think they left money on the table, and the SP is showing that.

Were you being serious about 5 dollars per share being the realistic target?

CZI Price at posting: 5.3¢ Sentiment: None Disclosure: Not Held
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