The CPR on Conti must be one of the most comprehensive summaries of operations that you will ever see!! Estimated at 200 pages ,it will enlighten readers as to why there have been delays in getting the many projects to the various stages-the environmental,OH&S and purely technical requirements are huge The "DOCTOR" said that COnti would be a monster and he is certainly correct from a technical aspect The large number of projects either under study or production must be a drain on resources when compared with a smaller number of larger projects for the same output FRom a technical aspect management appear to have firm plans according to the independent consultants (CPR )but from a financial point of view, disclosure to the same extent is not contained in this CPR but perhaps may be available in other documentation required for the London listing It is interesting to note that coal prices appear to be forecast to increase in the short term,but I wonder where we would be if we hadn,t had the recent substantial increases which has helped the viability of the projects Conti appears one to put away for a couple of years and let the short term traders have their fun!
CCC Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
