CCC continental coal limited

kumba success to rub off on conti, page-3

  1. 13,575 Posts.
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    I think you guys are spot on with SIOC/cdt coming on board.

    It seems someone appreciates the potential of this partnership with the current accumulation continuing with an upward sp even in this jittery market.

    Its hard to argue with their bullishness on CCC given this cash injection will well and truly help CCC's cash on hand and will lessen the perceived financial risk for the DeWitt financing.

    It should also put the onus on CCC management to achieve that elusive finacial transparency that the market has been waiting on.SIOC/cdt is not going to want to be part of an operation that fritters away cash on unwanted fees and with reasonable margins from Penumbra and DeWitt there should be no reason that Conti has to go bending over for the likes of Socius again.

    I do hope management is on the mark with their before end of Feb deadline for the completion of this major corporate tie-up.If not they must expect to be treated harshly by the market yet again as it is a major step for Continental to become a much less risky place for investors to park their cash.And like I say,someone is showing some pretty solid faith with the current accumulation going on.

    d.
 
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