No Botswana was the "blue sky" a vital component if your trying...

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bigbillbrown

2,118 Posts.

6

04/07/14

07:47

Post #: 13609760
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Originally posted by riverbrae ↑

I wish I had spent more time reading this
"
Forward Looking Statement
This communication includes certain statements that may be deemed "forward-looking statements" and information. All statements in this communication, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to take place in the future are forward-looking statements and information. Although the Company believes the expectations expressed in such forward-looking statements and information are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements and information. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, drilling and development results, production rates and operating costs, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those stated."

Before I believed that they would be producing 12m TPY of coal by now.

What chance has a company got that employs 700> employees for 2m> tonnes per year, with 7to1 overburden in one mine of making a cent.?

When open cut mines are closing because of the low coal price!

And was Botswana really a serious contender, or a way of keeping shareholders from noticing the faults with the whole mining plan?

And was the reason all these small mining licences were not mined before because they were not viable until the sudden shorterm peak in the coal price.

And was this known before the ******* *******?

Sentiment sell as there is no RUN
Position=50c useless oppies

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No Botswana was the "blue sky" a vital component if your trying to build a bubble story.

CCC Price at posting: 2.0¢ Sentiment: Sell Disclosure: Not Held
6 Upvote

0 Great analysis

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