In my view, CCZ is going no where due to lack of consistency, strategy and probably desire.
CCZO options expired on 31 March 2023 and not a single announcement from the CCZ to date
In Broken Hill, CCZ promised 17 RC holes in October 2022. Did CCZ drill 17 RC holes? CCZ says one thing and doesn't follow up. I don't know the reason.
Investors trusted Dr Dennis Jensen, CEO and ex-CSIRO scientist but what now?
In my view, you would see in the cash flow report for the period ending 31 March 2023, not enough funds left in the CCZ kitty to undertake further substantial drilling or exploration program at Big One deposit or at Cangai Copper Mine would mean another Capital Raising in coming months.
To me, CCZ fortnightly or three weeks announcements are nothing without any direction and action. So, I expect CCZ to drop down to 0.005 or 0.5 c as CCZ doesn't have enough funds for major exploratory program.
So, enough is enough. I'll not buy any more CCZ shares.
DYOR
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Open | High | Low | Value | Volume |
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19 | 12630700 | 0.003 |
17 | 13257011 | 0.002 |
12 | 13752005 | 0.001 |
Price($) | Vol. | No. |
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0.007 | 2505353 | 10 |
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