CAZ - Cazaly Resources

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tjamesx

thx 4 supplying this, caz is still very much in the back of my mind but i must admit to have stopped scanning the media for bits like this, just too busy with struggling in london at the moment, must focus more on this stuff.

ok bye

 

[powerkoala]

up today 32% with no news..?
anybody know why?

 

[YOUNG_TRADER]

If it closed strongly and well above 70c say 75c-80c with buying depth support it would be a breakout

Something is up $2m worth of shares traded today,

Could they have had some sort of positive finding for their Iron court battle against RIO?


Haven't been following story so followers if you could enlighten it would be nice

 

[Snakey]

If it closed strongly and well above 70c say 75c-80c with buying depth support it would be a breakout

Something is up $2m worth of shares traded today,

Could they have had some sort of positive finding for their Iron court battle against RIO?


Haven't been following story so followers if you could enlighten it would be nice

massive volume here somethings good here ...Shovelina?????

 

[jtb]

massive volume here somethings good here ...Shovelina?????

Court dates not til march.......
Rio's eagles surely not going to deal?
Their partners up too............
Was going to buy in @ 57 last week but figured I still had a couple of weeks

 

[YOUNG_TRADER]

Article, was on the Nine Msn Homepage http://news.ninemsn.com.au/article.aspx?id=66843

Cazaly at a loss over share price surge
Wednesday Jan 17 19:52 AEDT
Cazaly Resources Ltd, which is battling Rio Tinto Ltd for a prized iron ore tenement, says it is at a loss to explain a 30 per cent gain in its share price.

Cazaly was slapped with a price query from the Australian Securities Exchange, which queried an unexplained rise in the explorer's share price.

The company's shares surged 31.4 per cent or 18.5 cents to 77.5 cents on Wednesday on the back of no news.

Cazaly shares were heavily traded with more than 4.6 million shares changing hands.

In addition, shares in Echelon Resources Ltd, Cazaly's partner at the prized Shovelanna iron ore tenement in the Pilbara, surged 25.7 per cent or nine cents to 44 cents, again on the back of no news.

At a loss to explain the price surge, Cazaly managing director Nathan McMahon pointed to a March 19 hearing in the West Australian Supreme Court about the disputed tenement and a recent win in the Court of Appeal.

"Obviously people are aware of the hearing is going to be in March, obviously they are aware we got discovery ... that's all I can say at this point," Mr McMahon said.

The junior miner recently had a victory in the Court of Appeal, which ordered Rio and the WA government to hand over a number of documents, which the resources giant relied on to win back the deposit.

Mr MacMahon ruled out a possible settlement with Rio.

"We think morally and more importantly legally the tenements should belong to us, we think minister Bowler has made an awful mistake based on bad advice and we want to explore, mine and develop Shovelanna," he said.

Cazaly snared Shovelanna late last August, after Rio let its own licence expire, but the tenement was handed back to Rio after Goldfields Minister John Bowler used his discretion under the mining act.

I reckon we'll see a retrace tomorrow.

 

[toc_bat]

i have been following CAZ relatively closely and have noticed that recently it has become a very thinly traded stock or is that tightly held stock? anyway, in the last few weeks it has had a number of small increases in sp with very few trades, sometimes less than ten, maybe a combination of this and some wealthy player deciding they want a decent chunk prior to the court case chased the price up so dramatically, of course i dunno anything, just my musings

 

[Snakey]

Article, was on the Nine Msn Homepage http://news.ninemsn.com.au/article.aspx?id=66843

Cazaly at a loss over share price surge
Wednesday Jan 17 19:52 AEDT
Cazaly Resources Ltd, which is battling Rio Tinto Ltd for a prized iron ore tenement, says it is at a loss to explain a 30 per cent gain in its share price.

Cazaly was slapped with a price query from the Australian Securities Exchange, which queried an unexplained rise in the explorer's share price.

The company's shares surged 31.4 per cent or 18.5 cents to 77.5 cents on Wednesday on the back of no news.

Cazaly shares were heavily traded with more than 4.6 million shares changing hands.

In addition, shares in Echelon Resources Ltd, Cazaly's partner at the prized Shovelanna iron ore tenement in the Pilbara, surged 25.7 per cent or nine cents to 44 cents, again on the back of no news.

At a loss to explain the price surge, Cazaly managing director Nathan McMahon pointed to a March 19 hearing in the West Australian Supreme Court about the disputed tenement and a recent win in the Court of Appeal.

"Obviously people are aware of the hearing is going to be in March, obviously they are aware we got discovery ... that's all I can say at this point," Mr McMahon said.

The junior miner recently had a victory in the Court of Appeal, which ordered Rio and the WA government to hand over a number of documents, which the resources giant relied on to win back the deposit.

Mr MacMahon ruled out a possible settlement with Rio.

"We think morally and more importantly legally the tenements should belong to us, we think minister Bowler has made an awful mistake based on bad advice and we want to explore, mine and develop Shovelanna," he said.

Cazaly snared Shovelanna late last August, after Rio let its own licence expire, but the tenement was handed back to Rio after Goldfields Minister John Bowler used his discretion under the mining act.

I reckon we'll see a retrace tomorrow

I lost $30k on this last year and it was only in my porfolio for 4 days!!!
Once bitten twice shy but it would be nice to get some of that back...
think ill let this go through to the keeper

Is this speculators buying hoping for a win in the courts in march????(gamblers)????


If the odds are 1.2:1 that shovelenna will be returned to caz. and the share price would go back to $2 then the shares should be worth .80?????
(figures given are guesses only)

 

[Snakey]

I lost $30k on this last year and it was only in my porfolio for 4 days!!!
Once bitten twice shy but it would be nice to get some of that back...
think ill let this go through to the keeper

Is this speculators buying hoping for a win in the courts in march????(gamblers)????


If the odds are 1.2:1 that shovelenna will be returned to caz. and the share price would go back to $2 then the shares should be worth .80?????
(figures given are guesses only)

Ok im not the best gambler ,...let me put it another way
If there is an 80% chance that caz wins and shares go to two bucks then the shares should be trading at $1.60 does this make sense??
These figures are examples only

I am not a gambler and I will not buy or hold at this time CAZ my

 

[YOUNG_TRADER]

I reckon we'll see a retrace tomorrow

I knew it, was all a bunch of hot air!

It good education to watch these things when they happen though IMO.

 

[toc_bat]

pretty good ann just out, they got most of the docs they were after

 

[Sean K]

Didn't CAZ, just yesterday, come out with a statement in regard to the speeding ticket saying there was NO NEWS.

Now, today, they come out with an ann to update proceedings which is price sensitive.......



Brilliant.

 

[YOUNG_TRADER]

Didn't CAZ, just yesterday, come out with a statement in regard to the speeding ticket saying there was NO NEWS.

Now, today, they come out with an ann to update proceedings which is price sensitive.......



Brilliant.

LOL, picture this, ASX calling company to enquire whats going on,

I know nothing I know nothing (in a heavy Russian Mafia type accent)

I am legitimate businessman ( also in a heavy Russian Mafia type accent)


:

 

[Snakey]

LOL, picture this, ASX calling company to enquire whats going on,

I know nothing I know nothing (in a heavy Russian Mafia type accent)

I am legitimate businessman ( also in a heavy Russian Mafia type accent)


:

hasnt helped their price much...there goes the gambling theory

 

[Bush Trader]

Up 11%

The solicitors are obviously happy with the RIO documents

 

[jtb]

Up 11%

The solicitors are obviously happy with the RIO documents

This would be their neighbours, dentist and milkman wouldn't it?

 

[Bush Trader]

This would be their neighbours, dentist and milkman wouldn't it?

Very True! ...and then it perpetuates

 

[Gurgler]

Up 11.58% in the first 10 minutes, after weeks of flatlining - low volumes though.

Ann today re East Kalgoolie Project (25% JV with NMI)

 

[stiger]

Refer previous post page 1 post no 18 caz thread ''ITS OFFICIAL CAN OF WORMS OPEN <HEADS ABOUT TO ROLL"" I hate to gloat but I told you on 21st April 2006. .cheers

 

[bigdog]

CAZ SP -- down by how much today?

Todays papers

http://www.theaustralian.news.com.au/story/0,20867,21390622-643,00.html
Judge rules against Cazaly
Elizabeth Gosch
March 16, 2007

THE Supreme Court has dealt another blow to mining minnow Cazaly Resources in its battle to win ownership of the Shovelanna iron ore resource.
The court has ruled there was no evidence West Australian Premier Alan Carpenter and Rio Tinto boss Leigh Clifford had discussed the lucrative tenement.

A key plank in Cazaly's legal protest against the West Australian Government's decision to strip Shovelanna from it and hand it back to Rio Tinto was the examination of a December 2005 meeting in London between then resources minister Mr Carpenter and Mr Clifford and a discussion between the pair and incoming resources minister John Bowler.

Cazaly subpoenaed Mr Carpenter, Mr Clifford, Mr Bowler and Rio Tinto's iron ore head, Sam Walsh, late last year to appear in the Supreme Court but Justice Michael Buss terminated the subpoenas earlier this month.

Announcing the reasons for his decision, Justice Buss said yesterday that there was no evidence the two had discussed the disputed iron ore tenement at their London meeting.

Cazaly wanted to quiz the four men over the Government's decision to hand Shovelanna back to Rio Tinto.

But Justice Buss said he was not satisfied there was any reason to call Mr Carpenter and Mr Clifford to the witness box.

"It is not appropriate that Mr Carpenter or Mr Clifford be required to give oral evidence, or swear an affidavit, as to any communications or dealings they may have made with Mr Bowler in relation to the relevant matters, and which may have been the source of any knowledge Mr Bowler may have had of those matters," he said.

"It is Mr Bowler's knowledge, if any, and not the source of his knowledge, that is relevant."

Mr Bowler, who took over as resources minister when Mr Carpenter became premier in January 2006, has been ordered to file an affidavit on the issue.

The former minister was sacked last month after the West Australian Corruption and Crime Commission revealed he had leaked confidential cabinet information to lobbyists Julian Grill and Brian Burke.

Cazaly pounced on Shovelanna in August 2005 when Rio Tinto let its lease on the Pilbara tenement lapse.

Rio Tinto called on the state Government to intervene and in April, Mr Bowler overturned Cazaly's lease and handed back Shovelanna using a little-known state iron ore policy.