CCC 0.00% 0.1¢ continental coal limited

brief overview of the competent persons report, page-8

  1. 1,253 Posts.
    Just started read it and note the following..
    ****************************************************
    ES15: Material Changes
    From the Effective Date of this CPR until the date this CPR appeared on CCL?s website, the
    following material changes have occurred:

    ? Eskom has agreed to an increase in the contract price for coal delivered by CCL with
    effect from August 2011 of more than 10%. This will have a material impact on the
    value ascribed to the Material Assets? - Coal Reserves of CCL;
    ****************************************************
    Not much of an increase but it goes straight to the bottom line. So profits from the domestic production could increase in multiples...or close to it.
 
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