asic intervention, page-39

>champ, you were one of the rampin brigade, what are you on about.

Hansel4,

I challenge you to go back and find a single post where I ramped the company.

You won't find one.

I was invested into this company over 1.2 years ago and I sold out because I was very dissapointed with the company.

I had personally spoken to JB numerous times as well as a couple of senior exec's over in the South African office.

There were always things with the company that stood out to me that just didn't make sense and that rang many alarm bells.

I, like yourself, was one of the many people that was extremely upset by the ramping that went on both by the company(JB) as well as a couple of prominant posters on this forum.

A few investors even went to the trouble of setting up an online magazine called The Conticoal magazine or something like that.

That magazine created a lot of excitement with investors which I am certain helped the share price rise.

I was disgusted when I found out that the online magazine was basically used as a tool to ramp the company.

Here is just one post that I made when I exited the company (I was responding to another poster who was ramping the company stating that they had such a high resource and that the share price should be so much higher):-

(This is the other poster)>For that, the company has approximately 630Mt of I/I/M coal resources


My response -
Most of which is still at the lowest scale of confidence being inferred.

Let's wait until we have a substantial resource upgrade first which is desperately needed for this company to move forward.

Don't be fooled. CCC is not trading at the massive discounts that are being spoken of.

This is why the company is not trading at a higher share price.

There is far too much promotion of this company. I'd luv to give the company a good kick up the you know what because all that they need to do is give us results.

Give us the JORC that they initially said that they had 9 months ago before I/we found out that we had the wool pulled from our eyes.

Show us that they can deliver substantial profit and show us that they can deliver the projects in the suggested time frame.

That is all that is required. Forget the ramps and rubbish posts complaining about the low share price is and saying how JB thinks that it is laughable.

My gosh!

I don't want to read another promotional post about this company until I see the solid announcements.
Posted on the 5/5/11 by Champ2003