TA is great for some stocks but when has it ever worked for...

TA is great for some stocks but when has it ever worked for CAZ?

If you look at the facts it explains a lot. The share price has fallen some 40% off its highs last year despite a booming iron ore sector.

Now lets discuss some of the achievements since then?hang on ?there arent any!!

Since June last year CAZ have down nothing but drill a couple of holes at Parker Range. For example an investor presentation in June last year stated environmental and mining approvals would be complete around October 2010?.fail?one of many failures. There is no way management should be that far off when stating the timing of key milestones, they were only looking forward about 3 months!!!

On another front, have a look at the share register, no wonder the share price is where it is, NM has not attracted one broker/institution to the stock. Since June 2010 there has been no effort to promote the stock whatsoever. When was the last time they released an investor presentation? The state of the share register and the share price has a lot to do with the unreliable and infrequent reporting to the market

I would like NM to come out and update the market on exactly where this project is at, what is the status of the port decision (he must know something otherwise as mentioned previously he is a muppet), whats happening with the environmental approval process, what is Plan B? etc etc. Release the DFS results based on a theoretical port allocation!!

My final point, why dont they raise a couple of million and drill the hell out of Parker Range, management have previously stated it could contain in excess of 100mt, why not drill it then? Create some value for your shareholders rather than sitting around for port approval that might not even come

On top of all that they sold their Pilbara iron ore project for peanuts.

As I have stated before, my issue is with the decisions management have made not the assets themselves, if I thought the assets were only worth 40c then I would have never bought. According to their last presentation in June 2010 they should have been mining by now with the first shipment 3 months away..ha?CAZ management stand up and be accountable!!!