Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Hello Addicknt
The company always said it would be issued in 2 tranches with EGM required for the small amount of the second tranche
"CCZ will issue a total of 278,395,961 New Shares at $0.042 (£0.023) per share. 140,592,523 New Shares will be issued using the Company’s existing 7.1 capacity, 97,502,707 New Shares will be issued using the Company’s existing 7.1A capacity and 40,300,731 New Shares will be issued upon obtaining shareholder approval in a General Meeting to be called in due course"
Do your research,is history repeating here??? In December 2020 they announced similar drill logs with no reaction to the share price which was trading at 2p, then came out with assays and it almost immediately traded at 4p after that.
Short shake out on the markets and commodities imo. Sentiment for raw materials is too strong leading into the electrification of everything and clean energy etc. Copper being possibly the most important,needed and sort after. CCZ completely cashed up and drilling for the next 6+ months further proving up known discovery. I think we have are in a great position and have some very good times ahead with the first lots of results not too far away.
Great rns today what we have been waiting for. Drills are turning and strong rerate around the corner. Good chance to load up at these prices imo. Looking forward to campaign updates and results. Next few months could be an amazing ride on some good results especially how the world is viewing copper atm. GLTAH
Hi APR, the trading halt is for capital raise as stated in the asx announcement 2nd page. Great to be cashed up for big year of exploration and discovery.
https://wcsecure.weblink.com.au/pdf/CCZ/02380841.pdf
Simon Paull interview and update for the coming/continuation drill program.
https://www.youtube.com/watch?v=4dLz12ZJBYM
Drilling to start any week now and throughout the coming months. I am very excited for the potential of our deposits to come to life. Expanding the big One with new identified targets and then the move to Arya. Company making year a head imo especially while world is all about copper. GLTAH Have a joyful weekend
The results from the IP survey look fantastic.
The Market Bull report from todays Ann. These guys are following CCZ well, I recommend subscribing and keeping up today with ASX. https://themarketbull.com.au/2021/05/20/castillo-confirms-big-results-at-big-one/
Article below from The Market Bull. CCZ poised to be mid tier copper group. Copper market surging, copper prospects in great locations. As Simon states
“The board remains optimistic that 2021 will be a transformative year„.
Great time to be in copper! GLTAH!!
https://themarketbull.com.au/2021/05/11/castillo-ramps-up-mt-oxide-as-copper-booms/
Glencore‘s CEO on $15k copper price
https://www.bloomberg.com/news/articles/2021-05-06/glencore-ceo-says-15-000-copper-needed-to-drive-new-supply
Castillo are in a tier 1 copper location with many mines in the belt such as Capricorn, Larry Loretta, Millennium, Barbara, Rocklands Dugland River and Ernest Henry.
Exciting times with drilling starting targeting what could be Qld biggest discovery in decades
Copper is flying
$10,361.15 US per tonne. Let's not forget it was only in December Castillo were reporting 44m intersections from surface of 1.4% Cu and grades over 16%.
This will fly if they expand the discovery in my honest opinion.
World running out of copper and prices expected to keep rising.
https://www.marketwatch.com/story/the-world-risks-running-out-of-copper-and-heres-how-high-prices-may-rise-as-the-economy-reopens-bofa-warns-11620073503
Good Month ahead for us here IMO. Copper prices at 10 year highs and expected to climb. Demand for copper rising every day with EVs and electrification of everything. CCZ to restart drilling picking up where we left off, proving up the Big One discovery and then moving over to Arya.
GLTAH!!
Copper breaks resistance to trade levels not seen since 2011.
https://www.kitco.com/news/2021-04-26/Copper-breaks-resistance-to-trade-at-levels-not-seen-since-2011.html
Video out this week from The Market Bull. Lots watching this stock and I think CCZ is poised to really take advantage of this upcoming copper market.
https://youtu.be/Ikbfq8bEj6I
Castillo Copper – ground exploration work to re-start, Buy
By HotStockRockets | Saturday 24 April 2021
Castillo Copper (CCZ) has announced a further update on imminent exploration work at the Mt Oxide project in the Mt Isa copper-belt district of Queensland, Australia.
The latest is that, following a review of historical reports undertaken by BHP and Mt Isa Mines, it considers there enhanced Arya Prospect potential.
That is particularly with a BHP 1997 tenement report having identified 11 anomalies worthy of attention with ground geophysics and rock chip sampling only completed on four and that, using aggregated historical rock-chip assay data - up to 1.84% Cu (Mt Isa Mines), Castillo’s geology team has created a maiden copper heat map which seamlessly reconciles with geophysical findings to boost confidence in Arya drill-test targets. It notes “drilling team schedule to return to site to commence work at the Big One Deposit then move on to the Arya Prospect”.
That is with end-December cash of Australian$3.1 million and the wet season drawing to a close, so within weeks the company is looking to undertake a geophysical survey at the Big One Deposit focusing on extending known mineralisation and uncovering additional anomalies before a next phase of drilling commences.
MD Simon Paull emphasises “a significant pipeline of copper-focused exploratory work ahead, coinciding with an impending global supply deficit”. Such a demand/supply outlook should help sentiment and these shares were 4p+ earlier this year as assay results saw the company emphasise “there is now compelling evidence that Big One Deposit is a scalable, shallow, high-grade copper-cobalt system”.
With significant exploration work about to re-start against that backdrop, we see good potential from the current £26.5 million market capitalisation.
The shares are already up from the 2.3p offer price of our previous update to 2.6p, we continue to target a return to 4p or more and the stance remains buy.