Another quite interesting trading week for COZ, and perhaps the high volume trading a few weeks back is a sign that COZ might have turned the corner, and is finally starting to build some positive momentum.
I hope that the company provide an update regarding the recently acquired prawn venture. Clearly this arrangement of upgrading an existing prawning operation is a means to an end, of finally achieving the bigger picture of developing a much larger prawning operation that will allow Australia become self-sufficient with prawning consumption - I understand about 35,000 tonnes of prawns are imported currently, primarily from Thailand and China, and yet when I buy prawns down the supermarket they still cost $20-30 per kg! (Of course Coles and Woolies has also something to do with that!).
I see an investment in COZ is a longer term investment that will finally blossom with patience. But the concept that COZ has developed is so interesting its not something I would just put in the bottom drawer, I like to know more and more about it (provided of course that COZ provides regular updates!).
COZ Price at posting:
5.8¢ Sentiment: LT Buy Disclosure: Held