Please include the ownership percentage of what we own (CCC). I.e. We don't own 100% of each mine and we only own 74% of the Subsidiary company (CCL) which owns the mining rights. For example Vlakvark CCL only have a 60% interest. The way i'm reading it this means that for every $20 of margin it is reduced by 40% as per our interest (60%) = $12 less a further 26% to BEE group who own 26% of CCL = $9.12 for us per ton of margin. Note that i don;t necessarily agree or disagree that $20 is correct just using your number to paint the picture.
Please correct me if i'm off the mark here?
CCC Price at posting:
77.0¢ Sentiment: LT Buy Disclosure: Held
