coal announcement today, page-25

I have advised a few friends of mine to hold their CCC when they were just about to panic sell when it broke 6.5c... My goodness, how easily human emotions can engulf the mind in blindness sometimes...

I too welcome the capital raising. 6c is at a reasonable price, provides much needed cash (CCC running low on funds) necessary for upgrading and strengthening the prospects for the project. I have confidence that these shares will be held for a more mid to longer term period given that CCC is coming so close to production! Hence, selling pressure should ease off over the coming days.

Announcements to look forward to are the off take agreements and when production starts. The general economy seems to be trending upwards, with Baltic dry index reversal above 2500 indicating that bulk commodity shipping is recovering in addition to the general increase in commodity prices led by fund managers such as George Soros buying into various resource companies (Platinum, Copper). Smart money is coming back... and if you haven't notice already, investors are shrugging off bad news? i.e. high unemployment etc? Confidence is lifting.

All the best to all holders

LM