re: Ann: Directors acquire Cazaly Holding in ... Managed to get my 1st parcel late last week, and 2nd one just now so happy to be in finally as cash came to hand.
Crackpot to answer your question i think they paid more than 20 - 40% above market for this, in fact the placement in Feb was 100% above market as per announcement made on 10th February.
As with every stock with a market cap of $10mill it is very speculative, but if you read the announcements carefully and know a bit about the resource WFE is after, you'll see that their exploration targets are in fact very achievable.
As a side note, I have taken 3 and 4 day tours out to Karijini in a former life, and used to camp right near WFE's resource outside the national park on the first night so we could have a campfire and enjoy a beer with the punters whilst looking at Macrae's Windmill with the ranges in the background (after a swim and walk at Hammersley Gorge of course)... It sure is beautiful country.
For the last 5 years I have worked for one of the majors in the pilbara (lived in the region for over 20 years) in blending/production scheduling and shipping.
Honestly cant see too much downside from these levels, market permitting of course.
Disco.
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