I honestly am not sure what to think of this company.
I look at its track record, it showed extremely high promise - Armstrong created confidence and results, from what many saw at a dodgy selection for executive. Drilling was showing excellent initial results, there was a massive traction gaining for this stock - Myself and many others were excited to have been apart of it.
Then we have the suspension. Completely avoidable. Regulation on the drilling wasn't up to standard and the oversight on the project was appalling to allow this to happen, and here we are over 8 months later. It's only been in the last 2 months that news has actually begun flowing again, with the sudden announcement of the 3 pillared approach to this company and movement into Africa, which was met with skepticism on these forums (and rightly so with the last 12 months). Noble was selected for stockpiles in order to gain extra funds - This has yet to progress 12+ months later and we're now left with months worth of funds to get this "3 pillared plan" in motion.
I'm at a loss as to how to look at this. Should Noble come through, I'd be significantly at ease. But for the moment, we've yet to actually get passed the problems of CCM and rapidly running out of funds - Lord help this share when it relists (A risky bargain for those who are willing IMO).
I guess the most I can do is wait and hope.
CCZ Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
