Hey Keith,
just been reading the annual report https://www.castillocopper.com/wp-content/uploads/2018/10/CCZ_Annual_Report_2018.pdf
If they don't get their skates on re the stockpiles, they are going to have to do a CR, then you may get your new shares at a discount.
They have (as of June) 1.7 m in the bank and an ANNUAL cash burn of 2.4 m. They have been spending money since June, so I would say that they have somewhat less than the 1.7 in the bank now. This is not what I wanted to see, but you have to spend money to make it!
They have been dishing out options too (eg: Hutchison Family Trust was issued 2 million options exercisable at $0.03 (3 cents) each before 30 June 2020 and 1 million options exercisable at $0.10 (10 cents) each before 31 December 2023) At least they have to get this above 10c to make them payable.
They should dish out some options to us for all the work we put in here too! lol
One good thing though, our directors etc are experienced bean counters, so I expect them not to be frivolous with our money. But not too tight fisted that they could peel oranges in their pockets!
CCZ Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
