Thought placement shares were available to trade Friday, sorry guys got a bum steer from a professional that should have done better than that.
Anyway price doing very well taking into consideration 3B could be traded today, I believe todays price action is a major indication that we will see a big rise in share value real soon.
Another thing to keep in mind. Prior to CAY officially getting the permit, CAY was basically just another speculative mining stock with a potential of getting some pretty amazing ground.
So on that basis word would not have travelled too far. Most potential investors would not have exposed themselves in a stock based on a promise and certainly not verbalised a potential great investment.
So post permit announcement CAY went from 13c - 17c. That tells me that the broad investment community had no idea about CAY and the literal world class bauxite Minim Martap deposit. That's very obvious, because if it did it would have rocketed.
Why is this important? Because the run has only just begun and when the greater investment community, retail, sophisticated and institution are presented with the facts, IMO we will see this reflected as a major run in the share price.
Additionally when the JORC is released and the size and grade is validated, we will see a whole different level of investment move in, namely institutions that need that level of certification to satisfy their risk management protocols.
This story IMO will get big real quick!
CAY Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
