pre open ann pending, page-21

jake: "Thats the only glitch that i also see....HIGH cost of production."

This is exactly in line with the costs projected, as per previous announcement, and we had some very long-winded discussions about it with Roidz & others.

With the oil price threatening to spike, surely this will drive more money into thermal coal - esp. as it is produced in (relatively) politically stable countries, and can be used in many cases as a substitute for oil/diesel power - not to mention the growing interest in CTL technologies & plants. The developing world still needs much more electricity generation capacity - and coal is not losing any popularity in India, China and other Asian countries. The only downside to the current Nth Africa/ME inspired fears is that capital markets & debt markets may dry up. JB did tell me that CCC were still able to raise debt funding right at the height of the GFC in late 2008, early 2009 - so now that CCC are producing at 2 mines, with revenues increasing - surely debt & capital funding will not be a problem.

After today's announcement, the credibility of the company should have jumped up a couple of notches.

And CCCO is up 9% today, while the rest of my watchscreen of 25-odd stocks is bathed in red.