Smart Money buying, page-45

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Bastiroar

563 Posts.

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19/06/18

12:57

Post #: 33795957
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Originally posted by kellbys ↑

Garbagein,

The point with CLA was they had Brendan Borg's team on the ground in Namibia completing due diligence long before they announced to the market that they intended to proceed with the tenement acquisition. Borg had done most of the ground work already and CLA had a good idea of how good the ground was already because Borg is one of the best in the business. They had rock chip samples at the labs for analysis etc long before announcing to the market that were taking on the tenements. So they had a big head start before making their initial announcement to the market.

In contrast CAZ announced their intention to procure the initial tenement and have proceeded to apply for a further two tenements abutting CLA's Cobalt/ Copper tenements since the initial March 26th announcement.

Patience required here, but with a low $11 Million MC compared to CLA's MC of $140 Million gives plenty of upside for investors. CLA is 18 months ahead of CAZ. Plenty of time to play catch up once the action starts at CAZ in coming weeks!

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4.6c looks like a big magnet but hopefully post 1 July with some news we can see a reversal of the trend. Would be interesting to see cash in the bank next quarter because not much progress has been made since the raise and $1.5m doesn't go too far.

CAZ Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $6.458M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$162	12.47K

Buyers (Bids)

No.	Vol.	Price($)
3	854453	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	550830	3

View Market Depth

No.	Vol.	Price($)
1	100000	0.025
2	100000	0.024
2	143478	0.023
3	320000	0.022
2	156893	0.020

Price($)	Vol.	No.
0.029	92582	1
0.030	148628	5
0.031	225846	2
0.033	54000	2
0.034	100000	1

Last trade - 11.17am 26/11/2024 (20 minute delay)

CAZ (ASX) Chart