my oh my how things have changed in ten days

From todays announcement.

"The Company advises that indicative non-binding bids
several times the Company’s current market capitalisation have been received for an outright
acquisition of the Company’s South African thermal coal mining business.
Final binding and committed offers are scheduled to be received by the Company at end of the
current quarter and subject to the offers received the Company anticipates completion of the
transaction by the end of the year."

Bearing in mind how long it has taken to not sell van-mag we can now offload the lot in a very short time frame.

I will say it again.

"My oh My how things have changed in ten days"

from this announcement ten days ago.

http://www.conticoal.com/_content/documents/613.pdf

"Please find attached an updated Company Presentation titled “A Major Step Forward in Export Coal
Sales and Earnings Growth” being presented by the Company’s Executive Director, Jason Brewer, at
the Africa Down Under Conference today."

Introduction
• Listed on the ASX and AIM markets
• Experienced management team and Board with
international experience
• Established South African focused thermal coal
mining, development and exploration company
• Current production from two open cast mines
• Sales to international and domestic markets
• Projects with 64Mt of reserves and 2.8Bt of resources
• Third thermal coal mine to commence production in
Q4 2012
• Fourth thermal coal mine feasibility study completed
and optimisation work underway
• Key strategic investment and joint venture
transactions completed


Delivery Over Past 12 Months
• Record ROM coal production
• Record sales and exports of thermal coal
• FY 2012 highlights:
• ROM coal production increased by 52%
• Domestic coal sales increased by 103%
• Export coal sales increased by 76%
• Revenue increased by 61%
• Executive management team and board strengthened
• Partnership with one of South Africa’s most successful
Broad Based Black Economic Empowerment Group
• Third mine development commenced
• Feasibility study completed on fourth mine
• Maiden JORC resources on Botswana projects

Outlook for FY 2013
Vlakvarkfontein Coal Mine
• 1.2Mt of domestic sales
Ferreira Coal Mine
• 600,000t of high quality exports
• Extension to mine life
Penumbra Coal Project
• First coal production
• Ramp up to full production
De Wittekrans Coal Project
• Finalisation of optimised Feasibility Study and
decision to proceed with development
Other
• Completion of Vaalbank MOU with Total Coal
• Completion of Vlakplaats pre-feasibility study

"My oh My how things have changed in ten days"