CCC continental coal limited

More management "sit tight it will be alright" BS.Vanmag...

  1. 1,527 Posts.
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    More management "sit tight it will be alright" BS.

    Vanmag settlement if it ever happens will be money in the bank, imagine if the cheque had been cash before now, they would have spent it all anyway!

    Lets hope Vanmag sale does happen and the Chinese don't do a SDL on us and ask if we will cop 5m.

    No shorts yesterday yet plenty of buying or should say selling down into the buyers, has management lined up a placement assuming Res 5 gets up, and those buying know placement will be @ say somewhere around 25% of current 5 day vwap. Who's going to hold a heap of the company?

    IMO
    Still a punt, handicappers are our directors, running on three legs, winning post some distance off yet.
    DYOR
 
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