CCC continental coal limited

absa bank funding executed, page-11

  1. 3,740 Posts.
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    Ok guys I've been following CCC for too long, and I should have a better handle on this, but certain posts re CCC loans and CCL not stumping up cash to pay them off have me a little confused.

    CCC own 74% of CCL
    SIOC BBBEE partnership has to hold the remaining 26%

    How does CCC get cash from CCL? If by some miracle CCL is enormously profitable, how would CCC holders benefit if CCL can just give them the cold shoulder? Why own CCC if CCL aren't going to feed profits back? Why can't CCC just use their majority stake to get take what they need from CCL?

 
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