CCC continental coal limited

paydirl march 2011 article, page-12

  1. 3,312 Posts.
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    Im still much more bullish than bearish on this.

    But I think we would both agree its funding that is the main sticking point atm.

    I think the current revenue/operational profit will easily cover any liabilities (and mangement fees) mentioned in the 1/2 yearly but will by no means cover the required CAPEX. IMO, there is NO SOLVENCY RISK AT ALL with CCC currently.

    CCC's legitimacy as a company lies solely in the funding of Penumbra and DWC. We need to know what is going on here.

    I have a feeling it is going to end up more expensive than ideal, but if it does it wont destroy our prospects just slightly decrease the SP once (if) the company it reaches its potential.
 
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