mcmahon is confusing me, page-3

Bingo Fluffy. Usually to save "face" directors would make a token investment or one or two large buys but NM has bought no less than 10 times in the past year. I think his buying is now for reasons beyond purely showing support and confidence to fellow holders.

I think deep down he strongly believes it is extremely undervalued and is buying for self-enrichment.

I am expecting to see another Appendix 3Y for 300k shares bought at 33c.

Question- Is CAZ a takeover target and if so by whom? Whoever chooses to take over CAZ for Parker Range will have the same dramas as NM in getting port access. MIN have plenty of their own commodity to move so I don't see them as contenders as they would still face a bottleneck at the port if they took over Parker Range. Chinese investors would also face the same bottleneck. So pray who would see CAZ as a takeover target?

I can only think of Cashmere as they are pushing for expansion of Esperance and I am not sure whether they have any mines, tenements or projects from which they can get the resource to export from. Cashmere's port capacity and CAZ's Parker Range ready-made project match made in heaven?