CAZ 6.25% 1.5¢ cazaly resources limited

Not selling but I dont blame a few reducing this morning and...

  1. 53,839 Posts.
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    Not selling but I dont blame a few reducing this morning and locking it in. "Total cash consideration of $100M plus anticipated royalties in excess of $80M (on current resources)". The royalties are huge. We're in play and hopefully, we'll be able to drill now into next year without much dilution, if any. If it comes through, prima facie, we're very under-priced. The market will discount us severely until it's signed and ratified. NM sounds very very confident. The Investment Group may well be on the known registry atm.
 
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