I agree .... This is money for Jam ... I tripled my position today .38 to .405 and very happy with the opportunity to get set in a larger position.
Some new good for thought ..... The press speculates that the buyer is from Korea but Korea is not South East Asia!
My guess is that the investor is Noble Group listed in Singapore with mkt cap of Sgd$11+ billion and recently stepped up the game to take out new NT iron ore producer TTY.
This also fits with the asset accumulation strategy stated on their web site as follows:
Noble Group?s strategy is to build a diversified network of ?asset-medium? supply pipelines, overseen by experienced professionals with specialized industry knowledge. Our asset-medium strategy has allowed us to secure long-term supply of key commodity groups ? owning, controlling and managing the physical assets needed to move high-quality raw materials reliably. Owning our assets gives us access to information that others may not have, allowing us to react more quickly based on first-hand knowledge.
We will only know in ten days but if there is a high quality partner like Noble then bring on 80c
Rgds,
Barry
Last Close Price When Posted: $0.380 | Last Close Price: $0.380 | Percent Change Since Posted: No Change
CAZ Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
