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CDT - Castle Minerals

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Lucky_Country

Formerly known as ijh
Joined
30 June 2006
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Have been researching this gold company and think it has a big future.

10,000km of acerage in Ghana elephant territory for gold mines.

Experienced board with backing of Macquarie Bank.

Tightly held shares not many on issue.

Really good grades in recent drilling reports.

Feel free to check it out and tell me what you think ?
 
Been following for a few months, after i came across some very sound drill results
a few months ago....CDT are operating in the same area as AZM who also have
some good results and are a little more advanced with there exploration than CDT.

Its interesting that Macquarie also have a sizable interest in AZM.
 
PRU also seem to be doing very well in the area.

All CDT needs is some publicity imo and they will become a stock at least on the watchlist and radar if not a bottom draw holding.

Could be a good ride with a bullish gold price going to all time highs.

I would be interested to see some kind of production timeframe and cost per oz but I would think the later will be at the lower end of the scale with good grades and cheap labour.

Register is tightly held and looks ready for a run imo.
 
IJH that is my favourite part...publicity/market awareness.

Not to deter from CDT (i will ask a question soon) but DMM have something the Pilbara junior's dont...rail etc all sorted for them. Yep they got increased sovereign risk etc but I guess the point im trying to make is (excuse my crappy grammar!) is that without publicity the stock unfortunately languishes. It is the name of the game...look at FDL with the big ramper Kevin Wills (i think was his name) shoots up over 900% cause he is good with the PR and market magic...just something to keep in mind...

OK...CDT question time:

Are the grades pretty deep? I take it they are a new explorer and thus haven't done any PFS etc?

ALSO

What's the cash backing like atm? Is there a possibility this will get gobbled up? (I think So Cynical is on the money with AZM and its advanced project...so perhaps they will be first to be taken)...
 

For a while there i though Macquarie was up to something...like wanting to merging
all these Ghanaian/African Goldie's and floating them as a single entity...but i don't
think so...there just taking a punt on gold.

AZM and CDT are pretty much next door to each other with similar multiple, shallow,
easy to get at deposits....would make great sense for them to merge and develop
the whole area around 1 central plant.

They both need cash.
 
There are some definate similarities between CDT and AZM including backing and management.

I would dare to say most companies out there need cash be them big or small the name of the game is the balance of survival and advance the projects in these turbulent times.

A merger would make serious sense but not sure its on the cards.

For CDT to get gobbled up someone would need to cough up as it is a very tightley hels stock.
 
Great announcements today high grade low cost discoverys.

Third party ore treatment should see a very quick path to production.

Huge potential for futher high grade discoverys even sounds like they know its there waitng for drilling results !

Onto a good thing here in the land of golden elephants !
 
Perhaps we should merge the AZM and CDT threads to preempt the merger?

LOL

Makes some sence you'd think.

Sharing even more strike with AZM taking Crew's ground.
 
I would prefer to go it alone with CDT ticking all the right boxes and great ground positions in Ghana.

Tightly held which could help it run hard.
 
CDT have now firmed up just over 100k oz au in SW Ghana on top of the 60k in the NW at Julie West. SW Ghana strike will certainly extend the ounces, and it's all very shallow at this stage. Typical W African low grade but. Julie West drilling underway with initial results this month. This deposit is not far from the AZM/Crew Julie deposit which had a pre-JORC 300k. I say again, AZM and CDT would be a great love in.
 
Wow, these guys have just been smashed back to 10c. On just one trade and zip volume, but have NO interest whatseover. No one knows about you CDT! What are you going to do about it?

Any thoughts from holders? There are a few about.

With their land holdings, I'd be happy for AZM to scoop them up right now.
 

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Flying under the radar at the momment needs more positive news.

Im sure that CDT is on a few peoples radar.

Not much of a sell down just impatient holders they may regret selling when more drilling results come out.
 
Back down in the sin bin. Could it go any lower? Makes me think a bottom is close and a high risk high reward toss of the coin would be to try and grab some under 10c. On the other hand, companies collapse...

They have some really extensive and prospective land though, so it's hard not to take notice.

I take notice because their NW tenement is contiguous with AZM and since they've bought Crew's tenaments with the Julie prospect, smack in the centre of CDT I'm hopeful (with fingers crossed) they pull up some gold. (AZM land in red circles)

There were supposed to be some results by end June I thought..

57m @ .095 = $5.4m mc

Only had $1.1m at the end of last quarter ....

Capital raising on the horizon I guess.
 

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These guys wanna keep the ammount of shares very limited and seem to have Mac Bank as almost a partner.

Also chasing near term low capex production which should be a good money spinner for bigger things.

I too thought drilling results were supposed to be out but they cant be far away.

Tennaments they have are A grade and should reward us all.
 
kennas said:
Only had $1.1m at the end of last quarter ....

Capital raising on the horizon I guess.
Click to expand...
Cashflow out, spent 800k last Qtr and have $800k left.

Should be OK to do a raising in this environment with markets bouncing, risk back in, and gold holding up.

Or, do the right thing and merge with AZM.
 
And their Qtly out for them to ramp their projects.

I'm a bit confused about what they're saying with the Wa Project.

The project generates a $23 million operating surplus
Click to expand...

HUH?

They haven't even got a mill, how are they going to generate anything. On 56k ounces??? And I imagine a mill is going to cost a few more sheckles over $23m. Or, where are they going to process this?



This is odd.

Lucky_Country, what's the story, you know these guys.

Maybe I've just scanned through this too quick and have missed the point.
 

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The gold production will come from neaby toll milling is my understanding.

Tey dont say much about there IO project lately maybe they will seel it of for a few extra dollars.

These guys seem keen to keep a tight register imo.
 
Umm never seen activity on CDT like this today 700,000 shares traded with a crosstrade of over 500,000.

Its been some time since we saw news and they have a new presentation on their website which is good reading.

Maybe people are getting interested again with the current gold price.

Market cap is a bargin at these levels.
 
Do I smell a capital-raising in the offing? (On the back of today's postive announcement re: grade increase to existing resource). AU$ 0.79m left as of June 30th 2009. That won't buy a lot of drilling unfortunately.
 
Thought so.................................................................................................
 
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