CAZ 6.67% 1.6¢ cazaly resources limited

Fraz1,Thanks for the kind words. Generally from my experience...

  1. 2,352 Posts.
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    Fraz1,

    Thanks for the kind words. Generally from my experience you will see large moves in the stock price:

    a. When a company is in the exploration stage and finds some ripper ground e.g. SFR

    b. When a company is about to head into production.

    (the process in between is when the stock idles and fluctuates - thus right now for CAZ)

    Look around at companies that are about to produce:

    GXY, LYC, RMS, ALD... etc

    Basically what happens is that once a stock passes the feasibility, envrionmental and logistics stages the shareprice will begin to increase until the annoucement of production where, on occasion the shareprice can begin to decline. IMO the key movement of the shareprice is at the stage where the company announces that they are making money from production and having an increasing cashflow. Nonetheless, not always this happens. I would put the question over to fluffynymph to his/her experience with companies going into production but from my experience, you generally would see an upwards movement of the stockprice.

    I have said many times, and I know others believe this stock is worth much less, that once we recieve the port approval, DFS and environmental approval and then approach the production horizen, I see this shareprice at around 1.50. I believe that CAZ is definately a takeover target after the port allocation annoucement due to being this close to production in the Yilgram region and further having quality assets makes us very attractive. MIN have mentioned many times they are looking to grow and for more acquisitions and I just can't see how they wont want to eat up our project and port allocation - CAZ is all quality.

    This is in my opinion anyway.
 
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1.6¢
Change
0.001(6.67%)
Mkt cap ! $6.458M
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1.5¢ 1.6¢ 1.5¢ $13.34K 837.0K

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4 481859 1.5¢
 

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Price($) Vol. No.
1.6¢ 467811 1
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