Madison Williams has the loss for FY 2010/11 coming back to $5M Hope.If this comes true then its a pretty good result as it means they have extinguished much of that debt they had in 2010 and the current mines are doing their job in paying this debt down relatively quickly.
As far as the lack of an issue for the AIM listing goes,there are a few cross market broking arrangements between the ASX and AIM/LSE markets.As long as these exist there is nothing to say that potential UK funds/investors arnt already buying on our market NOW,and given the scuttlebutt is that there is to be no incentivised seed issue(low priced placements) for the AIM market it explains to me why we are seeing the sp where it is right now!!!
Have a look at the RRS threads and type in AIM in the advanced search box.This will probably give some insight into how Continental intend to work this transfer of equity in order that the market can represent Continentals market cap without the current short term trading issues it now has.Less shares-easier for the funds to accumulate/move/manipulate:-)
d.
CCC Price at posting:
51.0¢ Sentiment: Hold Disclosure: Held