It's tough when you get a SPP just after what is a 're-rate' moment. For those of us who have had this stock since it was NRU, its been a LONG wait. Although I think the SPP is positive (and necessary), the timing could have been better. Clearly they wanted a higher SP so as to underpin the recent rally (and issue less stock for the $$$ raised). In reality this means the SP will go nowhere until the closing date of 15 Oct 2018. I feel for the people who bought/added above 2.4c, but if CZL is finally pulling stuff out of the ground that people want to buy (in volume), and moving towards 90% ownership, it wont be long until there is serious interest in this stock. I expect the SPP will be over-subscribed and there will be scale back because of the recent move to production and resulting 90% ownership of the mine... Hold what you have, buy more if you can, this company is finally onto something IMHO.
CZL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held