Castillo Copper (CCZ) states that it “is pleased to provide an update on the company’s copper and lithium assets” and the shares have responded higher above 2p and an approx. £27 million market cap. So what’s the news and where to next for the shares?
Castillo Copper (CCZ) is pleased to announce that it has entered into a 90-day option agreement to acquire two granted lithium projects. The shares have responded further higher to 1.8p. Still further to go?
Following a strong upwards move, platinum group metals have taken a bit of a dip recently but are still at levels that should generate plenty of free cash flow for producers, and the share price weakness that some of those have shown the past couple of weeks could present a buying opportunity.
Castillo Copper (CCZ) has announced drilling results which extend known mineralisation and suggest copper density is higher than initially thought at the Big One deposit, Mt Oxide project in Queensland, Australia.
Castillo Copper (CCZ) “is delighted to announce that it has successfully raised A$11.7m (£6.4m) before costs”. How delighted should it be?…
Previously writing on Castillo Copper (CCZ) earlier this month with the shares at 2.35p we concluded that they remained a buy given the exploration and strategic potential catalysts amidst a highly favourable backdrop. They are currently up to 2.5p on the back of a “Potential mineralisation extended at Big One”-titled announcement.
Castillo Copper (CCZ) has announced “with the wet season in north-west Queensland now largely over… a team is at site conducting a geophysical survey along the line of lode” and also that it is “extremely busy liaising with prospective strategic partners to develop our Zambia and New South Wales assets”. Potential catalysts for a re-rate aplenty?…
I will not advise others to buy shares in Jubilee Metals (JLP) while penny share huckster Colin Bird remains chairman and there are institutions who want to buy but will not do so until we are given a timeline for the exit of a man who sold all his shares, into a ramp, at 13p earlier this year. But, as a loyal shareholder, I am not selling at today’s 17.6p (although I paid sub 4p) after a Zambia copper update which was everything I could have asked for and more. These shares could be 40p+ by some stage in 2022 if Bird does the decent thing and walks. So why the excitement?
Metals processing group Jubilee Metals (JLP) “is pleased to announce its audited results for the year ended 30 June 2020” and that “post the period under review… PGM and chrome operations delivered record quarterly operational earnings of £15.17 million”…
Jubilee Metals (JLP) “is pleased… the company has received notification from the Minister of Mines and Mineral Development in Zambia of the approval of the company’s application for the renewal of Small Scale Mining Licence 7081-HQ-SML in Kabwe… and… appointment of Nicholas (Nick) Taylor as non-executive director”…
A “Chrome Operations Update” from Jubilee Metals (JLP) including of “a third party Run-Of-Mine chrome ore offtake agreement that fully commits its Windsor chrome beneficiation plant for the next three years, with an option for this to be extended further” and “entered into a joint venture agreement with a privately held South African company to secure the rights to a further 35 000 tonnes per month chrome processing capacity”…
A “Further Copper Tailings Resource Secured in Zambia” announcement from Jubilee Metals (JLP), with it emphasising this looking “to deliver copper units well in advance of Jubilee’s previously announced copper transaction in Zambia and is significant step towards achieving Jubilee’s stated goal of 25 000 tonnes per annum of copper production”…
Jubilee Metals (JLP), an AIM and Altx traded metals processing company, has recently followed a “pleased to announce” six month operations update with a compelling presentation at MineProphets and at a current 4.6p offer price…
Recent recommendations here whose management have included Colin Bird have fared pretty well we suggest – Galileo Resources (GLR) already +136% and Xtract Resources (XTR) +40%, both on an offer-bid basis. Shares in Bezant Resources (BZT) - where he is Executive Chairman - have also fared well recently, but they remain down from levels of as recently as March and give a market cap currently of still below £2 million despite there looking interesting asset potential...
Following my piece HERE which voiced concerns that formerly AIM-listed BMR Group (BMR) had simply been executed by the oxymorons, I had a chat with the company to find out what comes next. My hope is that the company will release a statement in due course, but in the meantime what I can report is that it seems all is not lost. I can also report a little more on the loss of its licence in Zambia (which was subsequently restored).
One of ShareProphets regular readers, Wildrides, has asked me to take a look at Weatherly International (WTI), and as I do follow the mining sector quite closely, I am happy to give my thoughts on the company.
Further to my pieces on the BMR Scandal, we might note that BMR completed a Placing via those fine upstanding chaps at Peterhouse Corporate Finance to raise £0.8 million at 2p, as announced on 14 November last year. This was, of course, when BMR knew – but the market did not – that it had received a default notice regarding its Kabwe project in Zambia.
Well, well. Yesterday AIM-listed BMR ‘fessed up that it had received a default notice way back in September from the Zambian authorities with reference to its Kabwe project. The company didn’t notify the market of that until yesterday, when it ‘fessed up that it has now been stripped of the license. So what of its joint venture partner, fellow AIM-listed Jubilee Metals Group (formerly Jubilee Platinum, JLP): what did it know?
AIM-listed BMR updated the market at 1.15 this afternoon: it has been stripped of its Zambian Mining right and the shares are now suspended. And it seems the threat was known back in September, but the company didn’t bother to mention it.
I have already shown quite conclusively that African Potash (AFPO) misled investors in a material way with an RNS of December 1 2015 as you can see HERE. That should be enough to see the authorities slam both Potash and Stewart Dickson et al at Nomad Cantor Fitzgerald. But it gets worse. I now accuse Potash of lying in an RNS on January 6 2016 just 6 days before the bailout placing. It is lie after lie after lie from this company.
Wow! Blenheim Natural Resources (BNR) just got an option to buy 7.5% of a great company for just £1. And the company has an amazing gold and copper asset in Bongo Bongo land. It sounds almost too good to be true...precisely. Caveat emptor this looks like a pre placing ramptastic load of horseshit. So lets investigate and "fiske" the news.
Blenheim says that it:
Private investors who put their money into small AIM companies are often either incredibly gullible or the part of their brain which urges caution is blinded by greed – and this is largely why the market is able to function in the corrupt way that it does!
On 6th January 2016 African Potash (AFPO) announced a major sales deal. Six days later it got away a bailout placing. Gradually over the months that followed that sales deal was shown to be bogus, a sham, not worth the loo paper it was written on. But at least the ramp allowed this AIM Casino posterboy to get its placing away. Now the bastards are at it again. 30 seconds on Google is enough to make you doubt a word this company says as it tries to get another bailout placing away. African is teetering on the verge of insolvency.
If you ever wanted a case-study in Red Flags then look no further than the FY15 results of ShareProphets AIM-China Filthy Forty poster-boy China New Energy (CNEL). This is a company festooned in them. Just for starters, let’s take a look at yesterday morning’s RNS and the involvement of its “independent” NED. It just stinks. Never mind about AIM Rules, let’s get the share price up so that we can get more confetti issued.
Following on from my recent coverage of Fastjet (FJET), the airline has today announced its final results for the year to December 2015. While clarity on last year’s calamitous financial performance are to be welcomed, the most important questions remains unanswered.
Since my last article on the subject of Fastjet (FJET), major shareholder and brand owner Sir Stelios has been back on the warpath, this time looking for the removal of the Chairman. With the annual results for 2015 due shortly, and reasonable questions hanging over the company’s funding position, the next few weeks and months are likely to be decisive for Fastjet’s future.
I have been asked to give an updated view on Fastjet (FJET), following on from my tip to sell the shares last November (when they were trading circa 60p).
When it comes to commodities there aren’t many where the short term outlook is all that positive at the moment, but coloured gemstones is one of the few that seems to be bucking the trend.
Ortac Resources (OTC) may not be current flavour of the month with investors, but chief executive officer Vassilios Carellas says the AIM-quoted company is nevertheless poised to negotiate majority control of the Kabala project in north-west Zambia, which he suggests could become a major copper and cobalt mine in the heart of the central African copperbelt. Old estimates implied Kabala could hold more than 150 million tonnes and, though Carellas is somewhat more circumspect, he notes the project is 40 km. ‘on the other side of the dome’ from the Sentinel mine, which produced some 1.2 billion tonnes at 0.5% copper, where the First Quantum group has invested $2 billion, and is in the same area as the major Kanshansi and Lomwana mines.
Emerald and other precious stones producer Gemfields (GEM) says its latest auction of predominantly lower-quality rough emeralds and beryl in the Zambian capital Lusaka raised $14.5 million (£9.5 million) and achieved an average price of $3.73c a carat, a record for the AIM-quoted company’s auctions in this category.
Diamonds seem to have escaped the worst of the carnage that has afflicted other commodities, from gold to iron ore and participants in the sector, perhaps unsurprisingly, claim to see a widening of interest in the dazzling gemstones, from China to the Middle East, with a new emphasis on their potential merits as investments as well as adornments. One such enthusiast is Philip Manduca, former hedge fund pioneer, brother of the head of the Prudential insurance giant and chairman of AIM-quoted Paragon Diamonds (PRG).
Masoud Alikhani, veteran chairman of Berkeley Mineral Resources (BMR), is celebrating the belated approval by environmental authorities in Zambia for its $18.7 million (£11 million) lead, zinc and copper tailings project at Kabwe in the heart of the central African country’s mining district. According to the AIM-quoted company, first tailings production could start ‘within days’ following written approval from the Zambia Environmental Management Agency (ZEMA), which also triggers the second half of a £1 million equity financing of Berkeley at a lowly 1.4p a share through Park Lane stockbroker Novum Securities.
Ian Harebottle, entrepreneurial chief executive officer of Africa-focused emerald and ruby supplier Gemfields (GEM), sounds characteristically optimistic after the company’s latest auction of ‘lower quality’ rough emeralds and beryls in the Zambian capital of Lusaka. The stock market’s initial reaction has been apathetic, with the shares off 0.13p to 46.5p, narrowly above their 2005p float price of 45p. Even so, the share price is down from a year’s high of 52.5p, after the company’s auction attracted revenues of $15.5 million (£9 million), the second highest in the series, so is the market missing a trick?
Yesterday I saw an announcement that really caught my eye. Now, bear in mind that the spread on Frontier Resources (FRI) is big enough to drive a prison bus full of Mancs through, but the shares are a buy at a 2p offer. The news concerns CEO Jack Keyes.