CAZ 0.00% 1.4¢ cazaly resources limited

Ann: Cazaly to Proceed with Kaoko Kobalt Project, page-36

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,219 Posts.
    lightbulb Created with Sketch. 106
    Not sure about the BOD but both the managing directors check out.

    https://cazalyresources.com.au/our-directors/

    Clive in particular has years of experience dealing in Namibia as a board member of Banaman resources which I think is really important when looking at these types of projects.

    https://www.linkedin.com/in/clive-jones-0a188513/

    Both lads have serious skin in the game.

    Nathan holds 27 million shares ( 14% ) and Clive owns 14 million giving them both a combined influence of 21% of the total companies shares.

    I suspect they are going on all in Namibia and putting the lower grade Aussie projects on the backburner and cashing up first.

    Interesting Nathan purchased 790,000 shares ( 38 K ) at market on the 11th of March.

    I can't think of the last time one of the directors of a company in my portfolio purchased shares at market price.

    https://hotcopper.com.au/threads/ann-change-of-directors-interest-notice.4113187/#.WtgS0ohuaUk

    Cazaly also have a strong appetite for joint ventures in their investment strategy as outlined on their webpage.

    " Cazaly realises value via exploration, acquisitions and divesting its advanced projects through Joint Venture, sale or other corporate transactions "

    Source: https://cazalyresources.com.au/corporate/corporate-strategy/

    What I am hinting at here is that CAZ has directors with a large interest in the company that are going to get smashed if a large dilution occurs and I have no doubt will be thinking creatively on how to raise funds and keep their large ownership in tact.

    Given they have already expressed an interest in a joint venture with locals for the mining lease I don't think they would have too much trouble with a joint venture for mining and processing the ore.

    There will be big butthurt cobolt players begging CAZ for slice of the Namibian action if they even have a small percentage of CLA's massive JORC and the quality of the ore present.

    We will know soon enough where this heading I think
 
watchlist Created with Sketch. Add CAZ (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
0.000(0.00%)
Mkt cap ! $6.458M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $7.098K 506.5K

Buyers (Bids)

No. Vol. Price($)
6 2777422 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 906507 1
View Market Depth
Last trade - 14.15pm 06/11/2024 (20 minute delay) ?
CAZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.