CCC 0.00% 0.1¢ continental coal limited

short term price target of $0.13 fully diluted, page-41

  1. 5,277 Posts.
    Champ, previously you wrote the following:


    I cannot copy and paste the info directly on here so I will use my own words.

    The article that GS posted stating that if they were to raise capital they would do it through a major acquisition was only as an example and not to be taken literally.

    There are NO capital raisings coming folks.

    NONE!!!

    Do we get it yet??? LOL

    NONE, NONE, NONE!

    The email also states that no new shares will be issued for the AIM listing due to a number of UK Insto's holding shares in Aust Nominee accounts and these would be transferred over.

    There was another emphasis in the email stating that debt and cash flow are the way forward for the company.

    I hope that this helps everyone in allaying any concerns?"



    Now you are saying that what JB was in fact saying is that they ARE open to a cap raising if the price was right, despite you being so portraying before that there would be NO Capital raising on AIM.

    No offence, but I did not believe that any director would write to a shareholder ruling out a share issue as I would not expect them to paint themselves into such a corner.

    A company will do what they believe is right in the best interests of the company at that time. I have always maintained that there will be a cap raising on AIM, as I do not see the point of going over there if there are no shares to offer to the market.

    This is why we are having this PR push - to make sure that the cap raising is done at a much higher price. The real important question is - What does Conti have the money earmarked for?






 
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