ccc is way under valued, page-37

CCC is in 10 X better position now then GFC1 !

If so GFC2 , great opportunity for CCC to buy bolt on to business growth, plenty of $$$ cash and finally going positive mode.

Going by this thread not many read the last few annocs and what they have achieved in last few months.

Remember this is only a $90m market cap company and no way will anybody find anything cheaper on ASX .

Just CCC asset are worth - .27ps + $10m cash on hand .

Most Recent news-

Sioc future funds Investing and Partnering with CCC worth $20m in total.

FINANCIAL HIGHLIGHTS-


-Revenue of A$49.9m increased by A$37.0m on the previous corresponding period

- Gross profit of A$14.1m up from A$0.4m in the previous corresponding period

- EBITDA of A$3.0m, a A$31.5m turnaround on previous EBITDA of (A$28.5m)

- Maiden net profit after tax reported, and a 100% improvement from a net loss after tax of (A$30.8m) in the previous corresponding period

- Improved liquidity with debt funding secured from ABSA Capital

-Cash as at 31 December 2011 of A$11.3m ? Forward coal sales of 664,550t established at an average price of ZAR1,057/t, a +50% premium to the average 3 and 5 year historical export thermal coal prices



OPERATING HIGHLIGHTS-

- Run-of-mine thermal coal production increased by 112% to 937,464t, with run-of-mine production from the Ferreira Coal Mine increased by 402% ? Export thermal coal sales increased by 380% for the period to 309,445t.

- Domestic thermal coal sales increased by 235% for the period to 693,665t.


- Development of the Company’s third mine, the Penumbra Coal Mine commenced.

- Bankable Feasibility Study completed on the De Wittekrans Coal Project confirmed a technically and economically viable project.

-Maiden JORC compliant coal reserves of 43.8Mt defined at De Wittekrans Coal Project.

- Acquisition of the Wolvenfontein Coal Project, with a JORC compliant inferred resources of 36.7Mt, completed.

- Diamond drilling program commenced on the Company’s three Botswana coal prospecting licenses with coal bearing carbonaceous zones intersected CORPORATE HIGHLIGHTS.

-Sishen Iron Ore Company Community Development Trust executed Subscription and Shareholder Agreements to become the Company’s new Broad Based Black Economic Empowerment partner in South Africa.

- The Company’s shares commenced trading on the London Stock Exchange.

-The Company completed a one for ten share consolidation of its issued capital.

- Approvals for the sale of the Company’s interest in VanMag received with settlement of the transaction outstanding at the end of the period.

- US$20m placement completed by the Company to part fund the acquisition of the minority interests in Mashala Resources.

-Committed financing offer of up to US$65m of bank debt funding from ABSA Capital secured and key conditions precedent satisfied for US$35m project tranche to complete the Penumbra Coal Mine development.