I agree with that and from watching the buying action over...

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W3hunter

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09/11/18

12:20

Post #: 36447219
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Originally posted by ceh2009 ↑

Originally posted by rarebird1971
Interesting seeing people’s take on this announcement While im disappointed with the low level of ore mined in relation to that forecast I’m extremely pleased with the 70% completion of the bypass to remove the bottle neck. From my understanding the 39% increase in ownership of Plomosas does not take effect until Dec effectively rendering any income earned between now and then discounted by 50 %. Great time IMO to focus on the bypass and have all systems ready for smooth operation by the end of Dec. As pointed out in previous posts the directors have taken large chunks at or above 2 cents so plenty of confidence in CZL to deliver.
GLTAH
Cheers Rb
The only reason the directors have been buying is to provide price support to stop the issue to the Mexican's being overly dilutive. I guess not a bad thing from a shareholders perspective but I'm always suss on companies where insiders/directors start buying on market to prop up the price. Most of these guys will have boot loads of shares, performance rights, options etc. Buying a piddly $10,000 or whatever it was on market is for the sole purpose of propping the price.

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I agree with that and from watching the buying action over recent weeks suspect they or a 3rd party have been doing it again at .02c - .021c....support seems fairly clear at .019c-.021c ...only time will tell.

CZL Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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Add CZL (ASX) to my watchlist

I agree with that and from watching the buying action over...

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