CCC continental coal limited

ccc hard facts why this is junk!, page-5

  1. 1,950 Posts.
    Net debt is 31million minus cash and receivables or straight out debt Is 46.
    you are right that penumbra is possibly the only good thing minus all the other stuff.

    So they are selling that other crap at the moment are they not.
    If don is right in saying they have received several times the market cap to perhaps get rid of the garbage that would leave us with 3 mines and lets say 10-30million.

    Most reports I think have stated that just these 3 mines are worth 15 cents.
    Then if we add the cash from sales, it could roughly add 1-5cents to the sp aswell.
    Then that would leave holders with the option to either vote out current board or possibly put in a special resolution to have them sell the rest of the assets at a higher price.

    The most important thing for holders short term is how much they are selling assets for and which mines/tenements andwhat are they going to do with the money.
    They need to show us they are going to pay all debt and stop wasting holders money! Because if they continue like this, it will be all over.

    Hence the reason I am looking at getting other action going.





 
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