Cazaly Resources [CAZ] Biggest Loser

Submitted by Marco on 30 April, 2006 - 12:57

Cazaly Resources (CAZ) Biggest Loser

Cazaly Resources (CAZ) a gold explorer was the biggest loser of the week, down 76% on the loss of an exploration licence. The WA government made a decision to take one of their licences off them to hand back to Rio Tinto (RIO). Echelon Resources was also affected by this.

The big story in resources was the massive fall in Cazaly Resources and Echelon Resources on the back of the WA Government decision to take one of their exploration licences off them and hand it back to Rio.