Burntgamber wrote If they can get favorable terms then I can see...

Burntgamber wrote

If they can get favorable terms then I can see CCC re-rate hard (or should I say CCC share price will run just before the announcement and retrace on the news).

I Agree 100%

Burntgamber wrote They will find it hard to do a straight vanilla debt since its market is too low and positive net cash flows are not there yet.

I Disagree

I believe they will be able to obtain a vanilla debt structure for a good portion of the debt based on current revenues and future cashflows



Burntgamber wrote I can see that any interest rate on a refinancing package will be 10-12%+.

I disagree 100% rates have comedown since the ABSA and EDF facilities were put in place and in any event why would you refinance if you had to pay more?

Burntgamber wrote De Witts won't be producing in the next 12 months, and I don't know where CCC can get the money to develop this quickly. If they can get a debt facility against the asset, they would still need to come up with their own equity.

I disagree. De Witts initial will be at surface mining an earth moving exercise which can be contracted out. No big capex to start this