The best thing about CAZ is that it doesnt have any annoucements but at the same time we know that big things are coming. From my experience you have 4 types of companies:
1. Over-communicate - In good times when a company communicates, information is very ramped and unprofessional. When bad times occur, the company does not report information to shareholders. Overall, this company is the pump and dump. E.g. VIL, GDN, EXM.
2. Regular Communicator - Every shareholder loves PR. This company will provide regular updates of operations so that shareholders know enough what is happening to make sound investment decisions. This information reported to the market is not ramped. In bad times, the company will still continue to report to shareholders infortmation and will not hold bad information from the market. Generally, this company is well recived by the market and often is very liquid. E.g. BCC, AUT, SDL.
3. Rare Communicator - Shareholders understand what the company is doing however the company will not report news just for the sake of reporting news. The company will only report news (good or bad) when news is available and does not regularly update the market. This company is often illiquid and therefore when annoucements do come out the price will move significantly. E.g. CAZ, WLF, TIS.
4. Non- Communicator - Will never communicate unless its regulatory such as an activities and cashflow statement. Shareholders generally become annoyed with these companies and over time generally these shareprices do nothing and or depreciate in value.
As you can see, CAZ is a rare communicator. The benefit of this is that when news is released to the market, CAZ will go wild. In my opinion, if you sold now you would be a fool. Patience is a virtue and you don't want to be left short if an annoucement comes out. I expect that the shareprice will bounce again. Today was a healthy drop we are now in the middle of the bollinger bands rather than trending the upper bollinger band. Nothing has changed, CAZ is still bullish imo. I expect the shareprice to bounce of 40 cents if we hit it, if we don't I will conduct another analysis. You can expect the port approval will come when we see larger volume. Just be patient all.
CAZ Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
