Just started read it and note the following.. **************************************************** ES15: Material Changes From the Effective Date of this CPR until the date this CPR appeared on CCL?s website, the following material changes have occurred:
? Eskom has agreed to an increase in the contract price for coal delivered by CCL with effect from August 2011 of more than 10%. This will have a material impact on the value ascribed to the Material Assets? - Coal Reserves of CCL; **************************************************** Not much of an increase but it goes straight to the bottom line. So profits from the domestic production could increase in multiples...or close to it.
CCC Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held