CCC continental coal limited

algorithmic trading survey, page-8

  1. 929 Posts.
    lightbulb Created with Sketch. 205
    This from recent AR probably covers the bases, but its still an absolute lottery as to which lever they will pull ...

    "The Group does need to raise additional capital to meet certain current liability commitments (approx. $15m) such as the completion of the Mashala acquisition (86% to 100%). The Group is currently proceeding with a number of financing and re-financing options (eg sale of assets and interests in projects) in order to meet these obligations. Should the Group not realise the proceeds from the current financing options it clearly may not be able to continue as a going concern without restructuring certain liability commitments".

    http://www.asx.com.au/asxpdf/20120903/pdf/428g5slrvknzxq.pdf (p 17).

    I think BBB's analysis on debt position earlier today, further highlighted the problems facing Conti.

    It will be interesting to see what qualifications BDO puts on the final audited AR.
 
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