RE: RNS30 Oct 2023 08:22
@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