Our opinion on the current state of COPPER360(CPR)Copper 360 describes its business as follows: "The Copper 360 business is focused on (a) processing historical mined copper rock dumps through a process of environmental clean-up, and (b) mining surface and shallow copper resources." The company has acquired (through SHIP) an extensive database from companies such as American Mining Conglomerate Newmont and Global Gold Company Gold Fields who worked the district before.
In its results for the year to 29th February 2024, the company reported copper production up 10% and revenue up 14.7%. Production costs rose by 8%, leading to a loss of R70.5 million and a headline loss of 11.2c per share compared with a loss of 0.27c in the previous year. On 21st December 2023, the company announced that it had raised a total of R274 million to fund the Nama copper acquisition and production growth at Rietberg mine. The share listed on 12th April 2023, closing at 500c. Since then, it has drifted down to 371c, which does not bode well.
We suggest that this is a risky commodity operation and that you should wait for the share price to at least settle down before investigating further. On 19th February 2023, the company announced that it had raised just less than R100 million by selling shares. On 27th March 2024, the company announced that it had signed a memorandum of understanding with Far West Gold Recoveries. The CEO said, "Copper 360 estimates that there are approximately 50 to 60 million tonnes of dump material with grades varying between 0.18% and 1.5% copper in the dumps with the potential to contain 450,000 tonnes of copper metal in situ."
On 16th May 2024, the company announced that Shirley Hayes had been appointed as executive chairperson with immediate effect. On 24th April 2024, the company reported that it had produced 136 tons of copper concentrate from the Northern Cape and that the grade was more than 30%.
Technically, the share has been moving sideways and downwards since it listed in April 2023. It is a risky commodity share and very volatile. Investors should be cautious and wait for more stability and clear signs of improvement in the company's financials and market performance before considering an investment.
CPR trade ideas
Our opinion on the current state of COPPER360(CPR)Copper 360 describes its business as follows, "The Copper 360 business is focused on (a) processing historical mined copper rock dumps through a process of environmental clean-up, and (b) mining surface and shallow copper resources." The company has acquired (through SHIP) an extensive database from companies such as American Mining Conglomerate Newmont and Global Gold Company Gold Fields who worked the district before.
In its results for the year to 31st August 2023, the company reported a loss of R4.9 million compared with a loss of R31.6 million in the previous period. The company said, "Our loss has narrowed as production ramps up and capital expenditure comes to an end. The post-period acquisition of Nama Copper Resources Proprietary Limited ("Nama Copper") further ensures we remain on track to deliver significantly improved production with a major reduction in execution build and delivery risk. The 2025 FY will see the Company target EBITDA in excess of R650 million together with major resource upgrades to improve mining flexibility and growth."
On 21st December 2023, the company announced that it had raised a total of R274 million to fund the Nama copper acquisition and production growth at Rietberg mine. The share listed on 12th April 2023, closing at 500c. Since then, it has drifted down to 371c, which does not bode well. We suggest that this is a risky commodity operation and that you should wait for the share price to at least settle down before investigating further.
On 19th February 2023, the company announced that it had raised just less than R100 million by selling shares. On 27th March 2024, the company announced that it had signed a memorandum of understanding with Far West Gold Recoveries. The CEO said, "Copper 360 estimates that there are approximately 50 to 60 million tonnes of dump material with grades varying between 0.18% and 1.5% copper in the dumps with the potential to contain 450,000 tonnes of copper metal in situ."
On 16th May 2024, the company announced that Shirley Hayes had been appointed as executive chairperson with immediate effect. On 24th April 2024, the company reported that it had produced 136 tons of copper concentrate from the Northern Cape and that the grade was more than 30%.
In a trading statement for the year to 29th February 2024, the company estimated that it would make a headline loss of between 10.5c and 12c per share compared with a loss of 0.27c in the previous period. Technically, the share has been moving sideways and downwards since it listed in April 2023. It is a risky commodity share and very volatile.
Overall, Copper 360 presents a high-risk, high-reward scenario typical of commodity shares. Investors should be cautious and consider the volatility and risk factors before making any investment decisions. The company's plans for growth and production improvement are promising, but it remains to be seen if they can deliver on these targets.
CPR.JSE Copper 360 Trend Cloud and Fibonacci Study.Copper 360's sudden Trend change is very interesting, after comments by the CEO of possible Price manipulation.
I have plotted the FIB's to see where the price action might show targets or resistance.
As will most of these risky Trades or Investments, getting in early is the secret to giving you a decent Buffer and Headroom for future management. Congratulations if you did.
Unfortunately the Trend Cloud Indicator is not Free. Should you wish to Purchase this, message me and I will put you in contact with the Author.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
CPR Copper 360 Might do a 180 ?Its early days but CPR Copper 360 might do a 180 ?
Here's an except from JSX SENS :-
DRILLING RESULTS CONFIRM HIGH GRADE COPPER INTERSECTIONS AT RIETBERG COPPER MINE AND INITIAL SAMPLING LEADS TO DISCOVERY OF NEW HIGH GRADE COPPER DEPOSIT ON SURFACE.
All the world will need more copper for the Green Revolution with EV's and Solar, and South Africa especially to assist with our Energy shortages.
Will observe but CPR is starting to show some possible strength.
Regards Graham.
Our opinion on the current state of COPPER360(CPR)Copper 360 is a company primarily focused on two aspects: processing historical mined copper rock dumps and mining surface and shallow copper resources. This dual focus not only targets copper production but also aims at environmental cleanup, which is increasingly significant in today’s mining industry.
The company has leveraged an extensive database acquired from major mining entities like Newmont and Gold Fields, who previously operated in the district. This strategic move has provided Copper 360 with valuable historical data that could enhance its exploration and production capabilities.
Financially, Copper 360 showed signs of improvement in its fiscal year ending 31st August 2023. Although still operating at a loss—R4.9 million—it marked a significant reduction from the R31.6 million loss reported in the previous period. This improvement was attributed to increased production and the end of major capital expenditures. Furthermore, the acquisition of Nama Copper Resources has poised the company to boost production while reducing execution build and delivery risks. The company has set an ambitious target for FY 2025 with an expected EBITDA of over R650 million and plans for major resource upgrades to enhance mining flexibility and growth.
In terms of funding, the company successfully raised R274 million on 21st December 2023 to support the acquisition of Nama Copper and to foster production growth at the Rietberg mine. Earlier, in February 2023, the company had also raised just under R100 million through a share sale, underscoring ongoing efforts to secure the capital necessary for expansion.
A notable strategic development was the memorandum of understanding signed with Far West Gold Recoveries in March 2024, indicating potential collaborations to leverage existing mining infrastructure and technology. This agreement aligns with the company’s disclosure that the dumps could contain up to 450,000 tonnes of copper metal, illustrating the significant untapped potential of its resources.
The recent production report from 24th April 2024 indicated that Copper 360 had produced 136 tons of high-grade copper concentrate (over 30%) from the Northern Cape, which showcases the quality of the extracted copper and the efficacy of their processing methods.
However, the company’s share price trajectory has shown volatility since its listing on 12th April 2023, with a noticeable drift downwards from the initial 500c to 371c. This performance may raise concerns about the company’s valuation and market confidence, especially given the inherent risks of the commodity market and the specific challenges of operational ramp-up in mining.
For investors, Copper 360 presents a high-risk, high-reward opportunity. While the company is making strides in increasing production and improving financial health, the fluctuating nature of commodity prices, the necessity of further capital, and the operational risks associated with mining startups make it a volatile investment. Prospective investors should approach with caution, closely monitor the company’s operational progress and market conditions, and consider waiting for more stability in the share price before committing capital.
Our opinion on the current state of CPRCopper 360, a company engaged in processing historical copper rock dumps and mining surface and shallow copper resources, outlines its operation with a dual focus on environmental cleanup and resource extraction. The company has secured a comprehensive database from industry giants like Newmont and Gold Fields, who previously operated in the district, to bolster its operations.
For the fiscal year ending on 31st August 2023, Copper 360 reported a significant reduction in its loss to R4.9 million from R31.6 million in the prior period. This improvement is attributed to increased production and the completion of capital expenditure phases. The acquisition of Nama Copper Resources Proprietary Limited ("Nama Copper") is a strategic move anticipated to enhance production capabilities and reduce execution build and delivery risks. Copper 360 aims for an EBITDA exceeding R650 million by the fiscal year 2025, alongside major resource upgrades to bolster mining flexibility and growth.
On 21st December 2023, the company successfully raised R274 million to fund the acquisition of Nama Copper and support production growth at the Rietberg mine. Despite these developments, the company's share performance since its listing on 12th April 2023, closing at 500c and subsequently declining to 371c, suggests market skepticism. This downward trend raises concerns about the company's market valuation and investor confidence.
Given these dynamics, Copper 360 represents a potentially high-risk investment option within the volatile commodities sector. The company's focus on copper, a critical industrial metal with fluctuating prices, adds to the speculative nature of this investment. Potential investors are advised to exercise caution and monitor the company's share price stability and operational progress before committing to an investment. The company's ability to secure additional funding, as evidenced by the R100 million raised through share sales on 19th February 2023, indicates ongoing efforts to finance its strategic objectives and operational expansion.
Our opinion on the current state of CPRCopper 360 describes its business as follows, "The Copper 360 business is focused on (a) processing historical mined copper rock dumps through a process of environmental clean-up, and (b) mining surface and shallow copper resources." The company has acquired (through SHIP) an extensive database from companies such as American Mining Conglomerate Newmont and Global Gold Company Gold Fields who worked the district before. In its results for the year to 31st August 2023 the company reported a loss of R4,9m compared with a loss of R31,6m in the previous period. The company said, "Our loss has narrowed as production ramps up and capital expenditure comes to an end. The post period acquisition of Nama Copper Resources Proprietary Limited ("Nama Copper") further ensures we remain on track to deliver significantly improved production with a major reduction in execution build and delivery risk. The 2025 FY will see the Company target EBITDA in excess of R650 million together with major resource upgrades to improve mining flexibility and growth". On 21st December 2023 the company announced that it had raised a total of R274m to fund the Nama copper acquisition and production growth at Rietberg mine. The share listed on 12th April 2023 closing at 500c. Since then it has drifted down to 371c - which does not bode well. We suggest that this is a risky commodity operation and that you should wait for the share price to at least settle down before investigating further.
Our opinion on the current state of CPRCopper 360 describes its business as follows, "The Copper 360 business is focused on (a) processing historical mined copper rock dumps through a process of environmental clean-up, and (b) mining surface and shallow copper resources". The company has acquired (through SHIP) an extensive database from companies such as American Mining Conglomerate Newmont and Global Gold Company Gold Fields who worked the district before. In its results for the year to 31st August 2023 the company reported a loss of R4,9m compared with a loss of R31,6m in the previous period. The company said, "Our loss has narrowed as production ramps up and capital expenditure comes to an end. The post period acquisition of Nama Copper Resources Proprietary Limited ("Nama Copper") further ensures we remain on track to deliver significantly improved production with a major reduction in execution build and delivery risk. The 2025 FY will see the Company target EBITDA in excess of R650 million together with major resource upgrades to improve mining flexibility and growth". The share listed on 12th April 2023 closing at 500c. Since then it has drifted down to 390c - which does not bode well. We suggest that this is a risky commodity operation and that you should wait for the share price to at least settle down before investigating further.
