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1.3¢ cazaly resources limited

Ann: $1.5 million Raising via Placement, page-29

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Jrobmate

305 Posts.

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26/04/18

19:04

Post #: 32703886
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Originally posted by brentv ↑

I guess that's a fair enough short term trading strategy but I would consider doing a little further research to exclude the chance that CAZ might be a good long term hold. Have a read more about the worlds cobolt economy, the exponential rise in demand for battery metals and the likelihood that this area in Namabia is world class cobolt research.

We could be bickering about decimal points on cents for an entry point when in fact this share might shoot up 40-100% if the drill results are favourable. Fair value for CAZ right now for me now given they have 1.5 extra kittys in the bank to fund expansion has to be around the 20 to 30 million dollars.

The Co-managing director already has extensive Namabia experience and contacts ( far more than CLA ever had ) so this could roll out faster than we think

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Don't get me wrong I am not saying it has no long term gain. I just set myself targets where I am overly happy if I get it. 25% of my portfolio is in CLA and if I had been more patient my entry would be 2.9 instead of 4.1

CAZ Price at posting: 5.9¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
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

Last trade - 11.17am 26/11/2024 (20 minute delay)

CAZ (ASX) Chart