CCC 0.00% 0.1¢ continental coal limited

broker reports ?, page-7

  1. 13,575 Posts.
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    Something I forgot to mention in conjunction with mnagement going to London they will also be chasing some signatures for the take up of the convertible notes.

    This DOES sound promising as this is probably the riskiest part of the whole finance package,as Fluff mentioned.

    Convertible notes are funny things in that they require the ultimate faith in the company by investors in producing enough revenue to push forward all their project aspirations as well as paying the convertible note interest.

    I have seen a few convertible note deals not eventuate because things changed over the course of the notes being organised.

    Its stuff like this that one has to have faith in management to get done.But from Dr C's comments about Don Turvey and his strong motivation to make this work, it wont be any lack of management enthusiasm that results in a negative outcome for the C/notes.

    d.
 
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