"The deal is said to provide Cazaly with the cash backing to pursue other options and push ahead with its project while it awaits access to Esperance port."
The part that interests me is "to pursue other options".
My feeling is that the investor will provide funds to allow CAZ to commence construction of the mine infrastructure while waiting for Esperance to come on stream.
The "other options" could have to do with WFE. Maybe, mabe not.
Maybe my comment about shipping via Adelaide is an option. Who knows.
Two things I've learnt about CAZ management: 1. Expect to be kept in the dark-don't complain about the lack of info-they provide info when they want to, and 2. Expect the unexpected.
CAZ Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
