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any news what these ******s are doing.
They have used those words again "generate value for shareholders"
You can generate value by making money. What's going on with "The Big One"?
So it's now January 2024, and I know they have a shut down period in Australia but this is ridiculous. Is there any news on shareholder value? Any news on how CCZ are progressing? Is there any copper in Australia?
@Jedster Sadly CCZ seems to follow a repeating pattern of ramp, raise, do some work, find very little, buy something else, wash and repeat ... having been on board and watching this pattern repeat 3 or 4 times since it launched on AIM with much promise.
Cangai has been owned by CCZ throughout this period and despite its JORC and clear promise nothing has been done to advance it and little or no talk of a JV until now ... why is that?
The Mt ISA area licences have been the focus of lots of exploration mainly at the Big One which came up with good grades but little volume so only suitable for mining if something else of size could be found elsewhere so onto the next big thing at Arya and virtual silence before we pivot again, repeat with possible JV elsewhere and now a strategic review and possible asset sale.
I don't normally comment on BBs that I am not invested in but I kick myself hard for staying invested as long as I did. I really do wish LTH luck with this one and hope it comes good, but I will be staying out unless something substantive changes.
ATB APR
Once I saw those words again I lost interest. "Shareholder Value" I call it clutching at straws.
How about this RNS "We have loads of assets worth billions, tomorrow we will dig it up and sell it making the company and its shareholders dome money"
Another crap RNS.
Again no interest from the market.
Back into my box I go.
Glencore shutting copper mines down.looks like Aus is finished as a mining hub .even the old chinks going to Africa now for iron ore. coal phasing out .only thing good in Aus now is the weather or in submarine service
When you read shareholder value in an RNS you know this is nothing but a stinking heap of cow plop.
Whatever happened to the big one copper discovery????
The world is short of copper and all these bums do is chase their tails.
I agree lootgaloot about Jensen. Lot of them down under. Like that Australia rugby manger
New low
The big question for me is whether Jensen jumped off a sinking ship or whether he was pushed.
The retraction of the Pit Optimisation ASX on 24th July was highly embarrassing. Basing production targets on an inferred resource seems amateurish and I wouldn't be surprised to see heads roll. On the other hand, that was three months ago. Its difficult to know if Jensen's resignation is related.
Jack Sedgwick has taken over as interim Executive Director. It's a shame its only interim as he sounds a much more credible professional. I can't imagine Jensen giving a interview like this...
https://open.spotify.com/episode/2lmkPxWCaph1ZMFL1q0I3O?si=zDuduDUZRq6o28zRL1InEg&nd=1
Dennis Jensen gone .had too full of s**t. any thoughts out there, the lands worth probably what it's worth alone,in share price.
Well what a stinking pile of poop this is.
I am such a rubbish investor, everything I invest in tanks.
I need to save myself from myself. 😞
That teaches me to even bother considering Yahoo Figures as being correct. They dont know what they are doing. I wont try and explain but 27th Sept figures changed from 9M ,to 10M then 12M and then back to 200,000 . What the hell.
Lesson learnt ,do not use Yahoo Finance to produce correct figures.
I am referring to the Volume of 27th September (Weds) trading on Yahoo Finance website. Earlier it said trading had been
9M trading .now they have changed it to 10.6M . Strange that they are changing Yesterday's trading figures (on LSE) only
today the 28th ?. There is no trading reported today.
I note 9 Million shares traded 27th Sept 2023 which is extraordinary number. I also not on ASX today (28th) was up 14.29 % at close. Something may be coming ?.
Price dropping news out?
Other RNS ,wages for nothing .looking at partners , i can't see the profit for a partner to be bothered to come in.
Thanks for the info aperoerson, sold majority only small holding left. They be running g out of cash soon
hi causal, from memory this is a rejig of original mre with addition of surface ****, tailings and mined/unprocessed materials. issue for me was always why wasn't cangai progressed earlier given original high 2.5% copper grades and huge jorc resource issued several years ago?
i would need a very good reason to believe the bod after so much spin and small delivery/follow-through over last 2 years ... is issue with cangai one of licencing to resume exploration and/or mining or something else?
atb apr
Can anyone make head of tail on latest Rns cangai mine .or just more spin covering for yesterday
Unbelievable error. I've given management the benefit of the doubt up until now but it's clear that Big One/Arya has been one error after another. Strangely, it seemed to me BHA was reasonably well managed (although not the result we wanted). And what about this guy appointed in January...
Mr David Drakeley BSc (Hons), an experienced field geologist who has worked as point on CCZ’s drilling campaigns in Broken Hill and Queensland, will oversee designing and implementing all future exploratory work across the group’s portfolio.
Should this guy not be on top of this?
I sold some this morning. what your opinion lootgaloot.