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

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