CMM - Capricorn Metals
- Thread starter Joe Blow
- Start date
Sean K
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Not sure why I've never been interested in this. I think because the grade was under 1g/t it got knocked out.
My bad.
My bad.
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Thats life.Not sure why I've never been interested in this. I think because the grade was under 1g/t it got knocked out.
My bad.
View attachment 193223
Its just not possible to follow every gold stock or wannabe gold stock.
Especially if you want to follow stocks on exchanges other than the ASX.
Mick
Sean K
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This keeps going up. Amazing return for anyone who got in early.
Closing out the hedge is a very good thing.
Closing out the hedge is a very good thing.
Sean K
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Yikes!
Record gold prices might have WA miner Capricorn Metals flying high, but all is not well behind the scenes at the company, with recently appointed chief executive Paul Criddle facing serious assault charges in Perth.
Criddle was only appointed to the top job at the company in December, replacing long-term boss Kim Massey. But the mining CEO has now stood down after being charged with aggravated assault in Perth last week.
Not that shareholders would be aware of that, mind you. Criddle pleaded not guilty to the charges in the Fremantle Magistrates Court a week ago, and the news of his arrest first ran deep inside WA’s Post newspaper on the weekend.
But not a word of it in the company’s disclosures to the Australian Securities Exchange, despite Criddle stepping aside after facing court.
The 47 year old was charged with unlawful assault causing bodily harm with circumstances of aggravation after incidents on March 28 and 29 this year. He faces trial in November.
To be clear, until a court says otherwise Criddle is entitled to the presumption of innocence.
But Capricorn is a $4.3bn company, and has been one of the best performing gold companies over the last month or two as the gold price surged to record heights.
Surely shareholders should have been notified before now that its CEO was facing serious assault charges?
Record gold prices might have WA miner Capricorn Metals flying high, but all is not well behind the scenes at the company, with recently appointed chief executive Paul Criddle facing serious assault charges in Perth.
Criddle was only appointed to the top job at the company in December, replacing long-term boss Kim Massey. But the mining CEO has now stood down after being charged with aggravated assault in Perth last week.
Not that shareholders would be aware of that, mind you. Criddle pleaded not guilty to the charges in the Fremantle Magistrates Court a week ago, and the news of his arrest first ran deep inside WA’s Post newspaper on the weekend.
But not a word of it in the company’s disclosures to the Australian Securities Exchange, despite Criddle stepping aside after facing court.
The 47 year old was charged with unlawful assault causing bodily harm with circumstances of aggravation after incidents on March 28 and 29 this year. He faces trial in November.
To be clear, until a court says otherwise Criddle is entitled to the presumption of innocence.
But Capricorn is a $4.3bn company, and has been one of the best performing gold companies over the last month or two as the gold price surged to record heights.
Surely shareholders should have been notified before now that its CEO was facing serious assault charges?
Dona Ferentes
Did the Thessalonians write back?
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Capricorn Metals (ASX:CMM) has entered a binding agreement to acquire the 77km² Ninghan Gold Project from Sabre Resources (ASX:SBR) for $1.6m, comprising a $100,000 deposit and Capricorn shares for the balance.
The project lies adjacent to Capricorn’s Mt Gibson Gold Project in WA and is considered highly prospective for gold, with seven drill-ready targets identified. Additional contingent payments of up to $1.75m and a 1–1.5% net smelter royalty have also been agreed. Exploration is set to begin in late 2025.
The acquisition follows recent news that Capricorn CEO Paul Criddle has stepped aside after being charged with aggravated assault; Executive Chairman Mark Clark is continuing in a full-time leadership role.
The project lies adjacent to Capricorn’s Mt Gibson Gold Project in WA and is considered highly prospective for gold, with seven drill-ready targets identified. Additional contingent payments of up to $1.75m and a 1–1.5% net smelter royalty have also been agreed. Exploration is set to begin in late 2025.
The acquisition follows recent news that Capricorn CEO Paul Criddle has stepped aside after being charged with aggravated assault; Executive Chairman Mark Clark is continuing in a full-time leadership role.
Sean K
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I really thought anything under 1g/t that wasn't a giant porphyry wasn't worth looking at.
I suppose I should have known that the gold price doubling might have been good for the previously uneconomic grades and they would respond accordingly.
I suppose I should have known that the gold price doubling might have been good for the previously uneconomic grades and they would respond accordingly.
Good evening
Announcement 27/06/25 - see attached
rcw1
Announcement 27/06/25 - see attached
- repaid its residual $50 million corporate debt to Macquarie Bank Limited (Macquarie) prior to its 30 June 2025 maturity;
- In deciding to repay rather than roll forward the residual debt, the Capricorn board assessed the Company’s funding needs for development of the Karlawinda Expansion Project and the Mt Gibson Gold Project. Given most recently reported cash and bullion holdings of $405 million (31 March 2025) and the current strong cash generation of the Karlawinda project, the Company is in a strong position to fund these exciting growth projects; and
- After the recent closure of the Company’s final gold hedging instruments (as announced to ASX 11 June 2025) Capricorn is now completely gold hedging and debt free.
rcw1
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What Matters Today: Can the Retail Sector keep powering ahead? - Market Matters
What Matters Today: Can the Retail Sector keep powering ahead? Market Matters - ASX buy recommendations
marketmatters.com.au
Capricorn Metals Ltd (CMM) $11.43
"CMM surged +11.7% on Monday, extending its 2025 gains to an impressive +82%. Earlier in the month, we called CMM up to $11, which was clearly too conservative, as the $4.9bn gold miner powered through the psychological level on Monday. The company delivered when it reported last week with profit up 72% YoY to $150mn and an anticipated All-In sustaining Cost (AISC) of $A1530-$1630, not bad with gold trading almost $A3,000 higher.
We remain bullish towards CMM in line with our short-term bullish stance towards gold, but we cannot chase at current levels.
MM is cautiously bullish towards CMM"
Not Held
Not Buying - thought I was too late ages ago
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All-In sustaining Cost (AISC) of $A1530-$1630, not bad with gold trading almost $A3,000 higher.
That is a very nice sentence
That is a very nice sentence
