Extension of Ferreira to end 2013 ROM 750000 expected sales 420000. This is a loss making mine, again no mention of the cost for the mine extenion. CCC has $46.2m debt...
CCC Never tell us the CASH cost of this mine, why? b/c its loss making, so this makes no sense...
At least with Pennumbla advised Cash cost $55 Ton.....
CCC is a marginal miner , lots of debt, will only survive in a boom market, not in this current environment.....
Needs to sell assets....the problem is, they don't have anything of quality to sell.....
Pennumla the only positive, unfortunately the list of negatives is a long list
Negatives
Poor Management
High Debt
Ferrira short life Loss Making Mine, No details of Cash Cost per ton
Vlak Mine domestic coal approx $17 to $20T CCC never gives details
Ferrira cost to extend? no details.
Coal Outlook in Particular Thermal / weak / oversupply.
South Africa Political Un-rest / very risky
A few recent announcements to keep the traders happy for a while.....
Lets see if CCC will survive in the next 6 months....
THIS STOCK DOWN OVER 90% FOR REASON, ITS A DOG, AND WILL CHEW UP NEW INVESTORS MONEY SHORTLY
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- ccc vague on details! cash costs? dodgy
ccc vague on details! cash costs? dodgy
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