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CCZ Castillo Copper Limited

0.86
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Castillo Copper Limited LSE:CCZ London Ordinary Share AU000000CCZ2 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.86 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Copper Ores AUD 416k AUD -1.46M AUD -0.0011 -9.09 11.16M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.86 GBX

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Date Time Title Posts
10/10/202407:46CCZ Castillo Copper - Copper, Gold, Zinc & Cobolt in Australia and Zambia878
30/9/202008:47London IPO16

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Posted at 21/12/2024 08:20 by Castillo Copper Daily Update
Castillo Copper Limited is listed in the Copper Ores sector of the London Stock Exchange with ticker CCZ. The last closing price for Castillo Copper was 0.86p.
Castillo Copper currently has 1,298,002,968 shares in issue. The market capitalisation of Castillo Copper is £12,980,030.
Castillo Copper has a price to earnings ratio (PE ratio) of -9.09.
This morning CCZ shares opened at -
Posted at 28/12/2022 12:07 by rookieswingtrader2020
I finally sold the latter half of my small CCZ holding today (Wed 28th Dec 2022), at a loss. Another poor recommendation by HotStockRockets. Admittedly with this one I ended up doing my own trading with it, but even if I had followed their recommendations step by step I would still have made a considerable loss. From HSR’s 15th Jan 2022 update on CCZ: “We profusely apologise that it has not worked out as hoped, but with much more comfort elsewhere in the portfolio it looks better to take the hit here and reinvest elsewhere. Sell.”.
Posted at 11/11/2022 10:46 by kooba
Seen it before it does seem odd that on these dual listed that you can carry on dealing in one market even though there is deemed to be a risk of price sensitive information leaking in another. Market here certainly interpreting good news..and to be fair the shares have been behaving slightly better of late.They get a mention in this piece from proactive Australia today on copper..but it looks like it might be other resources that are set to make a difference?https://www.proactiveinvestors.com.au/companies/news/997917/copper-set-for-a-bull-run-but-who-will-benefit-997917.html
Posted at 11/11/2022 10:17 by bsg
Trading halts are requested by a company when a price sensitive announcement is near release. The temporary suspension prevents confidential information from leaking to the market prior to official publication. Trading halts are lifted after the release of the announcement, and cannot last longer than two trading days.
Posted at 11/11/2022 08:42 by oakville
Castillo Copper Limited (LSE and ASX: CCZ), a base metal explorer primarily focused on copper across Australia and Zambia, advises that trading in the shares of the Company has been halted on the Australian Securities Exchange ("ASX") effective from 11 November 2022. The halt was requested by the Company pending the release of an announcement relating to geological results at the Broken Hill Project.
Posted at 07/8/2021 12:05 by jlondon
PensionPlanner
I was listening to Owen Hegarty^s CNBC International interview again yesterday and he makes the same point about copper and also that there are not many copper plays around in Australia. Perhaps he does not just mean green field given he is talking about his IPO. So, per the forecasts when supply tightens further, then copper price has to rise for majors etc to close that gap per Glencore*s CEO. Hence, its a matter of timing etc? Case-in-point: The lithium story, hiccups & currently the chase. I therefore agree that the commercial reality vs vision is something to note?

---SP ANGEL - No 1 in Copper & Gold etc---
Ref: "Today^s Market View- Versarien, Rainbow Rare Earths and Maersk & more."-Proactive Investors, UK, Fri, 6 Aug 2021

"Castillo Copper:
Conclusion: In Jan this yr, Castillo Copper confirmed that the potential to divest the BHA project was under active consideration in order to allow it to focus on advancing its copper strategy. Today^s announcement confirms that as the preferred choice."

As I posted earlier, at the end of every CCZ RNS, it is stated that SI Capital is the Broker & Nominated Advisor. So, I spotted share price Angel covering CCZ for the last RNS relating to the results from the Big One. They posted parts of the release but made no comment. In this CCZ RNS of 6 Aug 2021, share price Angel, per the normal style put in their Conclusion. They dont often do Conclusion but I have seen them do it at times for Solgold. Its good that CCZ has more coverage which can only be positive?

Sat, 7 Aug 2021.
Posted at 06/8/2021 07:59 by jlondon
PensionPlanner

Relating to your post above #775, 6 Aug 2021 [Fri], I went to have a look.
I found the original CCZ RNS dated

"Highlights: Acquisition gives Castillo a commanding position in Broken Hill - A TRANSFORMATIONAL MOVE which delivers a large footprint proximal to Broken Hill*s world class silve-zinc-lead deposit." Dated 1 Oct 2020

"Castillo*s enlarged package...geological modelling released by GSNSW highlighted the ground is PROSPECTIVE for Broken Hill type ZINC-SILVER-LEAD and IRON OXIDE-COPPER-GOLD mineralisation [IOCG]."

CCZ paid A$215,000 cash plus assign 2% NSR in the event of future mining operations materialising.

My Comment:
The CONTEXT of transformational is qualifed as in the said RNS from CCZ by the worl "move."
In a lot of the CCZ RNS, it does state: "prospective."

There appears to be 2 types of geology - the west side is Broken Hill type and East is more IOCG.

So, they paid upfront A$215,000 for it and did further technical work on it as said in the RNS above.

I did say that it is my view ONLY that any prospective target could be "TRANSFORMATIONAL" as NORM. I did not recall the latest CCZ RNS stating that Broken Hill is transformation so I decided to have a look. So, the context was qualified by the board as in the original RNS of 1 Oct 2020.

Kindly check.
Currently, at 9:32am, Fri, 6 Aug 2021 the share price is 1.9p to sell and 2.1p to buy [Advertised, not live]. Live price [dummy] is 2.0298p to Buy [normal mkt size only] and to sell 1.9301p. This will help as its hard to distinguish buying and selling price since the spread is not very wide. There is no change either + or -.
Posted at 06/8/2021 07:14 by pensionplanner
No its not straightforward, yes we have the cash, which may or may not assist developing remaining assets, but you look at the RNS announcements about Broken Hill....TRANSFORMATIONAL, so we lose what could be a multi million asset for £2.4m cash, where we've expended money on that already?

Better to finance the £2.4m or come to CCZ shareholders for it keeping it CCZ, instead of what some may consider stealing an asset from CCZ and passing it via IPO to person/persons unknown and where we only know the chairman, but do not know if our current directors will be on the board there, which would in my opinion be against Companies Act as offering terms prejudicial to minority shareholders.

Again this asset was 'transformational', so if we get £2.4m for it, and its spun off BECAUSE its a great asset, it could end up being a £100m asset for what...£2.4m of spending money for CCZ directors to use.

Better then to finance it, even if it means dilution, we would still be in a better position that not having the asset at all.

Failing that a shareholder only offer placing, as if raising £2.4m is that hard for our directors perhaps they should consider other employment.

I have not only made my position clear, I have reported it to both the LSE and the FCA as I do not believe it complies with the rules, and may be in contravention of the Companies Act regarding minority shareholders, let alone disposal of a significant asset.

I have seen similar elsewhere, and on one occasion an asset spun off, within months was worth multiples of the company that spun it off....which is OK if shareholders share in that success with what is OUR asset, but where it mentions SUBSCRIBING, its not on.

In that case why not use shareholders to subscribe for £2.4M shares in CCZ, because at least ALL shareholders would stand to gain, whether they chose to buy more shares in a preferential offer to shareholders in the same company, rather than HAVE no interest in an asset they own spun off as another company, unless they effectively REPURCHASE their own asset! Some shareholders may not have the money to do that, and would be disenfranchised, and effectively it puts existing shareholders at a distinct disadvantage, and under duress to either buy shares in the new company or face losing the potential of this transformational asset, which CCZ was so glowing about.

I get the impression that some posters are not private investors, but may be acting as spokespeople for CCZ
Posted at 05/8/2021 15:50 by jlondon
CCZ IPO - Broken Hill [BH]5.8.21

On the London South East, the above was discussed today. In particular, Colonel Drake
on the London South East CCZ forum stated: "Overall, I think this removes the fear of heavy dilution to fund BH with capital to focus on the TBO. Makes sense but only if you THINK you have something worthwhile at TBO."

The rest is also of interest in that shareholders have a choice to buy into BH or not depending on the "PURE EXPOSURE" or "SPREAD RISK" option.

This is the 1st time I have seen Colonel Drake on CCZ but he is a experienced investor as he comes over from Solgold forum.

It is common knowledge that where a junior exploration has many projects on the go, the market will not usually price in the other projects & for this reason, even Paul Johnson is also doing spin-outs to "realise value" or rather crystallise value potentially. Generally known.

Also, Ged from CCZ has today done an AUDIO which is of interest, again, London South East CCZ sourced it first re: drilling results at Big One, Arya & Zambia.

On a more positive note, CCZ SHARES WAS +2.56% AT 1.9/2.1p per LSE.
Looking at the data from LSE [Lon Sth East CCZ], there was rather largish buys. A green day which is welcomed from after Ged*s audio interview.

Thur, 5 Aug 2021.
Posted at 30/7/2021 16:56 by jlondon
Today Fosterville South reported assay results in their Victoria, Oz project. They drilled quite a no of holes but they reported on the headlines ones. The grades and intervals has been posted on the London South East forum for CCZ. Charlie Stephenson retweeted the RNS/ANN so he is keeping abreast of Australian drilling results of the bigger and well known co*s in Australia.

Whilst Fosterville South is in Victoria [one of the 2 best successful co*s] & CCZ is in Qld, Australia, nevertheless, Fosterville South*s Director & COO has described them as "STRONG GOLD GRADES" and "LENGTHY INTERVALS."

20m @1.53 g/t au gold including 2m @7.05 g/t au.
6m @1.79 g/t au gold
29m @2.46 g/t au gold
28m @1.12 g/t au gold

Whilst Fosterville South*s drill results are gold and CCZ copper, nevertheless, gold grades ABOVE 1 g/t au are considered good whilst many of the world class projects like in Chile are 0.6 per Mr Colin Bird. Rio Tinto*s world class WINU in Paterson, WA, Oz has grades of around 0.45 % CU COPPER from recall [+-].

Even the intervals at CCZ compare very favourably with Fosterville South given this is more of a surface project rather than a prophyry going down to 1,000m and beyond. Big One , CCZ is NOT a porphyry.

Charlie Stephenson, Geo and Mining Specialist had said in his broker note of Jan 2021 that the CCZ ore could be TRUCKABLE. As said, Rockfire*s CEO said that TRUCKING can shave off double digit millions [substantial] from a project. Rockfire*s gold project is on the Qld coast vs CCZ a bit more inland also in Qld.

Mr Mark Biggs is the Competent Person & Geo for CCZ who signs off the RNS*s and reviews the data etc per the RNS details. From his Linkedin Mr Biggs has and is competent to sign JORC for some 32 yrs although his experience amounts to 39 yrs. Mr Biggs, like Mr Stephenson has a BSc in Geology including Masters in Geology.

Per 2mex: Post 741, 30 July 2021: "My opinion. THE DATA IS THERE TO BE FOUND."
Earlier, 2mex said "ITS A DUD." [Ref: ADVFN, 29 July 2021 @23:56, Post No #737]

As for opinion, is it a PROFESSIONAL OPINION ie that of a practising Geologist with BSc and Masters in Geology with the requisite no of years of experience or is it a layman? It is important given the opinion is "ITS A DUD."?

What is the DATA to prove it? The RNS*s have been reviewed and produced by Mr Biggs & Charlie Stephenson, Geo & Mining Specialist has been to the CCZ Big One as per norm and has given an interview + broker note. share price Angel has reported the 25 July 2021 results although they are not brokers to CCZ - no caveats issued by all of the recognised Geo*s and Mining Analysts.

The word "DUD" is NEVER USED IN GEOLOGY NOR IN ANY RNS*es issued by any mining co. Online definition states Dud means: "SLANG for anything that does not work or is defective."

Its early days in drilling of Big One. Nearby, CCZ stated on their website that the Big One is near LADY ANNIE & CAPRICORN MINE. Lady Annie has been SOLD to the Chinese. Capricorn Mine [Copper] has been bought by Owen Hegarty of EMR, a private equity co that is very well known. The Capricorn copper mine, Qld, Oz _+ WA mine + Chile has been injected into the recently listed 29M on the Oz ASX and currently has a MKT CAP OF OVER A$1 BILLION. For this reason, Mr Hegarty was interviewed by CNBC International given the IPO was a big one even by Oz standard -its on Twitter #ccz thread.

CCZ*s prospect itself has been a historic mine so it is IMPOSSIBLE THAT IT IS A DUD given it was NOT A HISTORIC DUD?

So, can one logically conclude that the opinion is NOT a professional one nor one from a nuanced and seasoned junior mining investor??? NO PROJECT IS A DUD IF THE DRILLING HAS GOOD ENOUGH INTERVALS & GRADES - it is whether it is ECONOMIC TO MINE OR NOT? No one can tell at this stage until the results come in and there is sufficient to produce a JORC or updated JORC if there is a historic resource.?

There are lots of people reading forums and it is fair on everyone to be able to have a BALANCED VIEW. So, the jury is out - is it a dud given there are NOT even enough drills completed yet at Stage 2 or is it a dud because X, y. or Z? No reasons given. Mr Bird has provided a CONCEPTUAL STUDY for XTR*s Racecourse, NSW, Australia based on the historic JORC and it sets out CAPEX, COPPER PRICE etc in 10 scenarios showing cash flow. This has been just modelled. So, without a geo model, a declaration it is a dud does appear to be from a layman with a guess?? Data? Can you kindly with due respect provide the data you quoted? A Conceptual Study is quicker than a Scoping Study, the former of which gives a quick look but it would need to go to more formal studies as norm later.

This post is caveated with "IT APPEARS."
Posted at 30/7/2021 09:36 by jlondon
Charlie Stephenson [Geologist], "Mining Specialist" interview with Proactive Investors, UK on the Big One [CCZ] relating to the Jan 2021 drilling:

"Castillo unveil "fantastic" copper discovery results from the Big One. Mining specialist Charlie Stephenson recently spoke about the results from a 35 hole RC drilling campaign."

Charlie Stephenson:
"40 m.
OPEN PITTABLE.
ORE BODY ECONOMIC TO MINE.
Get back. Cant wait to get out there.
Arya-system at depth. Could be very exciting.
Exciting coming few mths."
Link: hxxps://twitter.oom/CastilloCopper/status/354002646290608128 26.1.21
==
The time between 26 Jan 2021 and the current drilling at the Big One was due to the weather as norm out there. SI Broker also produced a Jan 2021 broker note which can be viewed on the Castillo website. Go to the Castillo Copper website by typing in this search title. Once there, hover over Investors and Analysts Reports and one will see the SI Broker Report. They said that the copper ore could be TRUCKED? Rockfire*s CEO enlightened that trucking ore saves double digit millions wherein his potential project is more towards the Queensland coast, Australia vs CCZ a bit more inland but in Queensland.
As norm, brokers send out their geologist to the site. So, Charlie Stephenson, Geo & Mining Specialist has been out in Qld for the 1st drill at CCZ*s Big One, Qld, Oz in Jan 2021. Presumably, he will be out again to the site per his said interview? share price Angel is not the broker for CCZ but they COVERED the latest Big One, Qld, Oz 25 July 2021 RESULTS . If they have anything to ADD OR COMMENT ON ANY SIGNIFICANT CAVEATS, they DO SO? This is norm? share price Angel of London is No 1 for copper, gold etc.

Fri, 30 July 2021.
Castillo Copper share price data is direct from the London Stock Exchange

Castillo Copper Frequently Asked Questions (FAQ)

What is the current Castillo Copper share price?
The current share price of Castillo Copper is 0.86p
How many Castillo Copper shares are in issue?
Castillo Copper has 1,298,002,968 shares in issue
What is the market cap of Castillo Copper?
The market capitalisation of Castillo Copper is GBP 11.16M
What is the 1 year trading range for Castillo Copper share price?
Castillo Copper has traded in the range of 0.202p to 0.86p during the past year
What is the PE ratio of Castillo Copper?
The price to earnings ratio of Castillo Copper is -9.09
What is the cash to sales ratio of Castillo Copper?
The cash to sales ratio of Castillo Copper is 33.33
What is the reporting currency for Castillo Copper?
Castillo Copper reports financial results in AUD
What is the latest annual turnover for Castillo Copper?
The latest annual turnover of Castillo Copper is AUD 416k
What is the latest annual profit for Castillo Copper?
The latest annual profit of Castillo Copper is AUD -1.46M
What is the registered address of Castillo Copper?
The registered address for Castillo Copper is 45 VENTNOR AVENUE, PERTH, WESTERN AUSTRALIA, 6005
What is the Castillo Copper website address?
The website address for Castillo Copper is www.castillocopper.com
Which industry sector does Castillo Copper operate in?
Castillo Copper operates in the GOLD ORES sector

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