CCC 0.00% 0.1¢ continental coal limited

First line from poster;That your money is invested in ccc the...

  1. dtr
    502 Posts.
    First line from poster;
    That your money is invested in ccc the Australian company listed on the asx and not ccl the company that is doing these deals.
    We own CCC, which owns 74% of CCL.
    We own the company doing the deals.

    As to the Intercompany Loan and Gunshow's post.
    "To provide short term capital at the CCC level in Australia to assist with funding some of the corporate costs and business development costs outside of South Africa."

    This avoids transfering funds from South Africa to Australia.


    It could well read that CCC didn't want to move money from our South African Subsidiary CCL in to Australia.
    Borrow money from another company such as RRS who have funds in Australia and then pay them back.

    "What do you think of the fact that they had no money in december"
    This is from the Half Yearly, so that's from 1 July 2011 to 31 December 2011 for a certain poster.
    "During the period, Continental Coal Limited entered into a loan agreement with Range Resources Limited, a company which Peter Landau is a Director, in which $2,115,210 was advanced to Continental. The loan is interest bearing and repayable in Australian dollars on or before 30 June 2012."

    During the period, hmmmm that's from 1 July 2011 to 31 December 2011.
    Why is someone saying we had a cash crisis in December 2011?
    This information about the loan was released 1 March 2012, 2 months and 1 day after 31 December 2011.
    The cash could have been loaned anytime from 1 July 2011 to 31 December 2011 but a certain poster gets more coverage saying December 2011.


    The money was used for "funding some of the corporate costs and business development costs outside of South Africa".

    Does anyone think our BBBEE partner SIOC-cdt would like it if we took money from CCL, which they own 26% of, to fund our business development costs outside of Africa, to which they'll see a 0% return?
 
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