Interesting that no reason was given for dropping the claim on Rhodes Ridge.
I agree that the most plausible explanation is that Cazaly has been given something in return, but that the terms of the settlement are confidential.
I was looking for an update on Rhodes Ridge when the quarterly came out, and so I found the announcement of a settlement with no other information was quite surprising. Surprising enough for me to take a position. I wonder if this has something to do with Nathan's recent buying splurge?
CAZ Price at posting:
42.5¢ Sentiment: ST Buy Disclosure: Held
