Regardless of the creative writing in the ann, I stand by thoughts of yesterday, that the CR is not to do with WMP but with CZI's other tenements. Note the headline 3rd bullet point: "Funds raised will ensure the Company is well positioned throughout the Feasibility Study stages of the West Musgrave Project (WMP)" What does 'well-positioned' mean? I wonder given that the ann later describes the factual situation that the feasibility study is solely funded by OZL. I dismiss the idea, perhaps wrongly, that the funding will assist WMP at the time when Cassini has to drop in 30% post DFS - it'll need much more. Rather I see that Cassini is hoping for pay dirt elsewhere and that with Tinci Materials and other Chinese interests means OZL will have quite a fight on its hands if it hopes Cassini will be a pushover. And that is great for us!
CZI Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held