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CAZ - Cazaly Resources

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barney said:
Shaping up well @greggles

And still only $20 million Market Cap according to CommSec ? Strong Cash to Market Cap ratio
Click to expand...

Having $10 million in cash at the moment is a pretty good position to be in. No need to raise capital, and plenty of funds for exploration/project development or an acquisition.

I think a $20 million market cap undervalues CAZ given its potential, but as always the market will have the final word.
 
I'm liking the look of CAZ at the moment. Drilling and geophysical surveys will commence early next week at the Halls Creek Copper project. It looks like they are fast tracking exploration. Management being very proactive. It has hit a high of 6.2c today and is looking like it might head higher. Volume is increasing again and the chart is looking bullish.

 
Sorry Greg ,
I seem to keep doing this. I did it to @Dona Ferentes as well.
I am now officially a Stalker..... obviously am very happy for you to have any prizemoney

Trying to worm out of my now awkward situation ?‍....... I have had this chart on my watchlist but hadn't picked (pun not intended) up on your post before announcing my Pic for the June comp. to the world .

Sooorry

bux

PS @greggles ? I am sure you would agree Posts, charts and commentary are better than anything I could ever put together ?‍...........AWKWARD!!!!!!!!!!!!! ??
 
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CAZ has gone backwards this month like a lot of small cap miners. It's worth remembering that there is quite a bit going on at the moment, and there is a lot of news coming, as soon as early next month.

This Resources Roadhouse interview with CAZ company director Clive Jones from 3 June gives a good overview of the company's current activities.

 
Sorry Joe for not posting sooner.

I have no wish to put my foot in it again by choosing a stock that someone else has done all the research into and me trying to claim as my own for this months competition.
However CAZ still seems to have potential with apparent support at .047c limiting the minus territory.
If it breaks .055c we may end the month in the slightly above average range, time will tell.



The video above is very interesting thanks to @greggles

All the best
bux
 
Some nice looking RC drilling results from the Halls Creek Copper Project reported by CAZ this morning. It should bounce nicely today. Market cap of just $18 million.

 
For my sins CAZ is my pick in the October 2021 competition.

A Zn, Fe miner.

Lotsa interesting potential in the West with interlocking cousins marrying all the way to the top of the pile in Perth via Hammersley, EQN, new and old money.

gg
 
I'm a little surprised that CAZ hasn't made some share price gains recently. The company had cash and investments at end of the last quarter ≈$12m and a market cap today of approximately $16.6 million.

The following is from their Quarterly Activities Report, released today:



I can't quite grasp how all the above projects, in various stages of development and some looking very promising, can be valued at around $5 million by the market. Something has to give eventually, surely...
 
Cash and investments now ~$14 million and a market cap of ~$17 million. So the market is valuing CAZ's numerous projects at $3 million?

Management needs to get a move on and start pushing these projects forward a little faster. So much potential here.
 
CAZ up 7.5% today. In fact it's been moving up slowly for the last week and a half after bottoming out at 3.6c on 18 May. The company flagged mid-June as being the commencement of mining at the Halls Creek Project, so there will definitely be some news on that front in the next couple of weeks.

2000m of RC Drilling is planned to test the continuity of broad copper intercepts across the Bommie Prospect on a 100m x 100m grid spacing. Drilling is also planned at the Moses Rock drill target.

CAZ has been moving very slowly so far this year. It would be good if management started to get things moving at a faster pace now.
 
Still believe CAZ is flying under the radar. Market cap of under $15 million and a ton of potential across a number of projects, the most significant being the Halls Creek project in WA at which there is already a known resource and where an RC drilling program has recently commenced.

One to watch in the second half of 2022.

Cazaly hunts big copper deposit in East Kimberley

Cazaly Resources has launched an RC drilling program at its flagship Halls Creek copper-zinc-silver project in WA’s East Kimberley region. The campaign will kick off at Cazaly’s Moses Rock prospect.
thewest.com.au
 
CAZ stepping up their Twitter updates now that exploration efforts have been ramped up.


Infill lag sampling assay results due next month from four gold targets at the Yabby Prospect. Drilling is continuing at Halls Creek.
 
greggles said:
Infill lag sampling assay results due next month from four gold targets at the Yabby Prospect. Drilling is continuing at Halls Creek.
Click to expand...

Thanks for the continued "heads up" @greggles

Could not agree more ..... This is a potential "sleeper" which could reward punters greatly (in my opinion of course)

My main and usual gauge of a Spec's potential ... Cash to Market Cap ratio .....

CAZ: Currently around $7 mill cash I think? ... to about $14 mill market cap?

No brainer ....if the market in general was/or turns bullish, this is a Spec to watch.

Tempted to accumulate a few , but would have to sell something to do so ... decisions, lol.
 

CAZ is a classic example of a small cap miner that was sold off heavily because management was slow in moving its projects forward and punters exited looking for better opportunities elsewhere. But as we all know, timing is everything when it comes to these kind of companies.

Positives I see are:
  • Five very prospective Projects
  • Tara French appointed MD in October 2021 (geologist with 24 years mining and exploration experience - most recently the General Manager of Exploration for Regis Resources Limited where she had been employed for 14 years).
  • $7.5 million in cash at the end of the last quarter, so no capital raisings for quite some time.
  • Exploration finally being ramped up and at long last we will know the true potential of the Halls Creek Project. I think it could be a company maker.
  • Lots of news flow in the second half of 2022 as assay results are released and exploration efforts expand.
A look at the chart shows strong support at around 3.5c. I'm betting this is the bottom.
 
CAZ have entered into an Earn-In agreement with Lynd Resources Pty Ltd to progress the Vanrock Project in central North Queensland.

The terms of the agreement look very favourable to CAZ. I imagine it's difficult in the current economic environment for companies like Lynd Resources to raise capital, so CAZ have swooped in and struck a deal.

The project looks very prospective. Another iron in the fire for CAZ.




 
OK, so looking a little deeper into the above Earn-In agreement I am a little in awe of the deal CAZ has struck. Here's the critical part of the announcement:



So the first step is a single diamond drill hole drilled to 500m to test a magnetic and airborne EM anomaly. Here's the stroke of genius, the Queensland Government’s Collaborative Exploration Initiative will be funding drilling costs to the tune of $171,370, which basically gives CAZ a free hit to see if anything is returned by that diamond drill hole. If it is they can proceed knowing they are onto something. If not, they can scale down activity and focus on other projects.

Drilling is scheduled for September, so they obviously want to get this drill hole completed ASAP.
 
CAZ actively moving the Ashburton and Yabby Projects forward with an AEM Survey being conducted this week at several targets across the Ashburton Project and results from the recent Infill Surface Geochemical Sampling at the Yabby Project showing well defined surface anomalies suitable for drill testing. No doubt planning for a drilling program at the Yabby project is now already underway.



 
Good to see CAZ were represented at Diggers & Dealers this year and were actively promoting the company's prospects.

 
Full steam ahead at CAZ.

This was announced today but for some reason wasn't marked as price sensitive.

 
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