Imo Botswana news could come any day now. SA labs have had plenty of time to analyze assays. The fact that 5 rigs are currently drilling in Botswana indicates that Conti are keen to verify & upgrade the results they already have. Given the data already seen from Asenjo at Serowe leases I feel confident that Conti can prove up at least 1bt of decent shallow lying coal, capable of being beneficiated to export grade. As with the move to Colombia, any good results from Botswana will help shift the perception of Conti as a SA only company.
I certainly will not be selling until the initial drilling results are in.
CCC Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held
