CCC continental coal limited

Hi 5shareholder, and then there is also the balance of Sioc...

  1. 779 Posts.
    lightbulb Created with Sketch. 103
    Hi 5shareholder, and then there is also the balance of Sioc funds owing approx $9m which is under vendor finance arrangements. Terms thereof , due when etc ..

    I think we have write downs /impairment charges as possibilities. Current thermal prices DeWitts economic? Auditors surely this year will be asking the right questions regarding vanmag?

    As a shareholder after the Sioc deal I never expected the need for additional funding so quickly ? The Bergen raising was so disappointing. Australian shareholders have funded South AFrica if Australia corporate needed some cash why couldnt South Africa pay pack some o f the funds as you rightly point out given the funds that are now available?

    I hope Jason replies as clarification is required.

    Cheers
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.