Can i just say thanks to Mr Market for letting me buy more CAZ at 38c _after_ this great announcement.
The key point for me is that for execution of the SPA they merely have to have legally enforceable contracts for port access, not for the actual access to be occurring.
So it looks to me CAZ will get cash = to market cap within 60 days, and within 2 years will get another $60m+ even if they have not commenced mining. The key is that they receive a contract for port access at Esperance right now, even if that contract is for access 2 years down the track.
Am I reading the announcement wrong?
CAZ Price at posting:
38.0¢ Sentiment: LT Buy Disclosure: Held
