ccc botswana results, page-57

Two posters above-

Why sell an asset that 2-3 years could be worth developing?

The coal is there. There is a lot of it. Botswana is a developing nation which will need energy.

The coal isnt great quality but selling the asset now at a major discount to the purchase price/asset value is a horrible idea. Momentary gain in SP (maybe) for a large loss down the track.

What you will have to deal with is waiting up to 5 years before this will see any major upside from the botswana coal project.

A lot of micro-caps are facing the same problem, commodity prices have made them unfeasible.

Only the ones with AMAZING prospects are shining atm.. and some which are speculated to ;) i.e. SIR