15c prediction, page-8

Somebody is DESPERATE to DOWNRAMP all day..

Generally the reason is they haven't got any coin to pick up a parcel...therefore they ultimately spend all day looking for holes in a Coy's present status..

They are envious because they are penniless

As i type the ASX is down a further 4% today,adding to further losses incurred during the last few weeks.

Every speccie has been copping it..

Overall, this is standard practice..on a bloodletting day like today..

The fundamentals have not budged one iota..

*Initial raw coal quality tests confirm presence of high quality coking coal properties likely to be enhanced by coal washing

*These raw coking coal properties are likely to be highly sought after by Chinese steel mills

*Large number of coal samples still to be calibrated with further results to be released to the market over coming weeks

*In-country partner secured to identify & develop coal deposits in Indonesia

The licences in Ovorhangay are close to existing mining operations, providing some infrastructure, and easy access to the Chinese coal markets. Interestingly, C @ Limited is known to be in talks with a number of strategic investors.

The two intersections in the Ovorhangay licences are located 280m apart and the first hole produced a coal seam thickness of 60 metres from surface and was estimated to comprise one major coal seam.

The second hole achieved a 40 metre coal seam thickness commencing at 89 metres in depth, which was also estimated to comprise one major seam.

The company said it is still unclear if these two intersects form part of the same coal seam or are two different structures.

Mark Earley, C @ Limited's managing director, said the company is "delighted with the results achieved from its due diligence exploration program, particularly those from the Ovorhangay province.

"The work done to date only starts to scratch at the surface of the potential of these licences. Upon successful completion of the sale and purchase agreement, the company will embark upon a substantial drilling program on the licenses."

Cheers

Sheeza