Hairy, I find that loan confusing and concerning, but if push came to shove surely CCC with 74% of CCL's shares (i.e. a definite controlling stake) could forcibly transfer funds from one entity to another.
Cleaning up the corporate structure would certainly help sentiment here too, but the current CCL/CCC situation seems to exist to facilitate BBBEE compliance.
Also note my change in sentiment, I reflexively put LT buy on, but in the past few days the world-wide macro chaos means I'm not sure about any companies at the minute, especially not high risk marginal miners with plenty of upside but plenty of risk.
Add to My Watchlist
What is My Watchlist?