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1.3¢ cazaly resources limited

Ann: Parker Range Capex and Opex Reduced, page-5

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gapup

852 Posts.

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26/03/19

14:24

Post #: 37887736
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Originally posted by Anton Chigurh: ↑

At the stated opex of $48/t, it really comes down to the sensitivities of your model. LT price assumptions need to be a fair bit lower than current spot and imo closer to $60/t. Add in initial capex drag and doesn't leave huge meat on the bone. But not everyone has the same bearish view on io price and could be valuable to offtakers for various reasons. Even a $10m special div would be worth 3.8cps, based on current structure. Guessing strategy at this point is to keep negotiations open, hope that further io price gains foster a more favourable deal. It seems clear they won't be trying to fund Paker Range themselves and with the cobalt market struggling, you'd assume they'd be reviewing new projects. Be interested to know who came into the raise and what (if any) networks they bring. Happy to hold at this level.

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Same. It mentioned Gardiner who had been buying on market before the raise.
not sure if they would have to do a 3b if they’re going to him.
it wasn’t underwritten suggesting they had it covered.
i like the fact that Gardiner is a broker/banker. He is likely to have it sold already.

CAZ Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $6.458M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$162	12.47K

Buyers (Bids)

No.	Vol.	Price($)
3	854453	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	550830	3

View Market Depth

No.	Vol.	Price($)
1	100000	0.025
2	100000	0.024
2	143478	0.023
3	320000	0.022
2	156893	0.020

Price($)	Vol.	No.
0.029	92582	1
0.030	148628	5
0.031	225846	2
0.033	54000	2
0.034	100000	1

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