CCC continental coal limited

They are very relevent questions russian.Question 1.A going...

  1. 46,541 Posts.
    They are very relevent questions russian.

    Question 1.

    A going concern? Who knows because of there reporting. But we can only go on what we know and that is that they reported 11m in the bank and borrowed. 2mil from range.

    Then they had a fairly big cash burn quarter and still reported I think 8 mil in the bank and proceeded to do a placement with berg.

    Question 2.
    I have said for a long time that I expect a cap raising before the next reporting period.

    Question 3.
    This is also possible but they would have to get it out very soon to be approved at the next a GM. I don't think this will be on the cards.

    Also something to note is that we have had roughly 25mil shares traded in the last 2days which is say about 7% of shares on issue.

    My guess is getting it down ready for cap raise.

    But then I could be completly wrong.
 
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