CAZ 6.25% 1.5¢ cazaly resources limited

just to highlight how poor this deal is for shareholdersTLM sold...

  1. 3,947 Posts.
    lightbulb Created with Sketch. 67
    just to highlight how poor this deal is for shareholders

    TLM sold their 78mt in the Pilbara for about $41m plus royalty, which is over 50c per tonne

    CAZ sold Hammersly (143mt), which has signifcantly better upside and has a better chance of accessing infrastructure via FMG, for about the same (35m plus about 4m upfront from memory)

    that equates to a measely 28c per tonne

    cheers NM
 
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