CCC 0.00% 0.1¢ continental coal limited

caesars buy ccc, page-6

  1. 355 Posts.
    JB,

    It was an email subscriber update as below.

    Dear subscriber,

    Kaminak Gold (KAM.V) has set the whole Yukon-region on fire with their latest drill results. They had a 17g/t intercept over 15.5metres, as well two long 60m-intercepts at over 1g/tonne. Those results are extremely encouraging, and we expect the whole Yukon-region to be hot this summer. So the question now is Whos next?
    The next companies starting to drill are Aldrin Resources (ALN.V) and Universal Uranium (UUL.V), on June 6th and June 16th respectively. Both companies hold half of their marketcap in cash and cash equivalents, but please be aware these are pure explorers, so there is a high risk involved.
    As we feared, Copper King Mining (CPRKQ) went down, and filed for Chapter 11 Bankruptcy procedure. We consider this position now as a total loss, but nevertheless, weve put a sell order in the market at $0.001. That was probably the last time well pick a non-reporting company. You just cannot trust them.
    Churchill Mining (CHL.L) announced a capital raising of 16M GBP at 100 pence. Nothing unexpected, as 100pence was the price we had in mind for future capital raisings. Its encouraging they were able to raise such an amount, on a day when commodity stocks were down.
    OceanaGold (OGC.TO) closed at C$3.19, up 235% since our initial report in August.
    Geovic Mining (GMC.TO) might be a good buy at C$0.62. Process tests are still ongoing, so were anticipating a delay in publishing the Feasibility Study. Nevertheless,we are still accumulating shares, as we are only trading at 1.3X cash position.
    We are also buying Allana Potash (AAA.V) up to C$0.45 and MacArthur Minerals (MMS.V) up to C$1.45, Coal of Africa (ASX:CZA) up to A$1.95, Continental Coal (ASX:CCC) up to A$0.042, and Cline Mining (CMK.TO) up to C$1.75. On the UK markets, we like Caledon Resources (CDN.L) at 36 pence, EMED Mining (EMED.L) at 8.25 pence, and we consider European Nickel (ENK.L) still as a strong buy at 6.75 pence, as the company doesnt expect any problems regarding re-issuing the revoked forestry permits. They also appointed Socit Gnrale and UniCredit to find debt financing.
    Kindly yours,
    The Caesars Report Team
 
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