the deal

Well - this deal doesn't do much for me.

I think it all got too hard and CCI 'blinked' and took the $$$. Maybe Ilanda put their foot down and wanted their $$$ back.?

So they will be left with a small amount of $$$ and $12m odd 'worth' of shares in this UK Mob. The only upside would seem to be the possibility that Blackthorn Mining's shares might spike upon their AIM listing I guess and the CCI SP might rise accordingly. I think there are about 900m CCI shares on issue so at the $12m figure - that 'should' relate to a SP of maybe 1.3c.

I don't know why punters are buying CCIO. Maybe there is some hope that CCI will get into other ventures in the future. CCIO expire Sept 2007.