The wealth of exploration and technical expertise within the company will ensure that CCR returns to market at an appropriate time.
But in December CCR announced that it had acquired 100% of Titan Mining - one of its two main projects in the Democratic Republic of Congo (DRC) – and that a listing was now on hold until mid-2022; a short-term funding package was being put in place, and Knight was the new CEO, with Van Wouw switching to Knight’s old job as COO so as to “align with this strategy”. CCR’s other DRC project is Mbamba Kilenda, while it also has the Lunga project in Zambia. The track records of CCR’s executives are, well, interesting. Knight was with failed junior miner Miranda Minerals and then Platmin, which delisted and became Sedibelo, which is still delisted.
Van Wouw ran Cradle Arc, which failed to make a go of the Mowana copper mine in Botswana. Another name that may ring a few bells for investors with longer memories is that of CCR’s non-executive director, Deon van der Mescht – ex-CEO of two failed junior miners that used to be listed on the JSE: Simmer & Jack Mines and First Uranium.