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CZA rocketing up but why??

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Sycorion
Contributor
Anybody know why cza is going up so quickly and will it go up to previous highs?
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5 REPLIES 5
WR
Regular Contributor
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THRESHOLD
Super Contributor
They received an investment from a Chinese company of $100 million at $0.25 per share. This entails the listing of an additional 400 million shares ie. a 50% dilution of the current shareholders. Conservatively - she needs 14 billion rand to build out her two promised projects... Still - the market hears "Chinese investor" and it goes moggy.
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SimonPB
Valued Contributor
question is do they have a rail line to Maputo terminal or are they using trucks ?? I can;t get a clear answer and it critical Q ..
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kwagga
Super Contributor
I'm just enjoying this ride while it lasts, with my finger on the sell trigger all the time. Speculative frenzies is not my game, but sometimes it's just too good to pass.
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kwagga
Super Contributor
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