hmmmmmmmmmm, page-4

Kiwi67,

6% Fee is just the norm for any capital raisings. Sometimes this fee can be as high as 8-10% if there is some kind of underwriting.

As for Promissory note heacy discount and even the 70m options, this is what happens when you have no choice and need cash...you get bent over. For the new people that are putting money into CCC they would not give a toss about the existing holders. They will want as much percentage of the company for as little money as possible.

CCC is on life support and it has no choice.

I was passed the opportunity to invest in the Promissory note from a broker but I did not invest. At this stage even if CCC does raise $25m they will still have like $40m of longer term debt that they need to pay off. Loss making producing mining companies with debt is a no-no. Just have a look at Mirabela Nickel. Discovery Minerals and Galaxy Resources are on their way down this path as well.

Hell if I was to invest I would even ask for double the fees and make the PNote issue price of $0.33.

There are a quite a lot of exploration companies in the ASX that need money and are more than willing to sign onto short term loans of 30%+ per annum.

The main point is that even if the entry is 0.1c you still lose 100% if the end game is nothing.

Current coal prices does not justify investment in CCC unless they can somehow half their production cost.