CCC continental coal limited

Well Mihal one can certainly say these guys dont mind living on...

  1. 13,575 Posts.
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    Well Mihal one can certainly say these guys dont mind living on the edge. Seems this applies to their corporate funding/juggling as well.Lets hope they havnt got too many juggling balls in the air at once!

    Quite a lot of faith being asked of longer term investors and it seems some just dont have the stomach for it in this global economic environment.

    Spains banks are now on notice and its looking increasingly like the Euro might implode.Whatever the case there seems as though there is going to be some form of massive financial rationalisation and just how it effects all forms of global economics is about to be found out.

    I guess we cant go too much lower in terms of market cap, $50M is the lowest value for a producer in marginal profit in general model terms that I go by.Thats not to say we might see a lower mark determined by the incredibily poor economic management of some of these European economies trying to ride the wave of excess global liquidity.Funny how one must eventually be able to actually pay out ones debts rather than keep rolling it into another debt facility.I hope Conti is better at it than most!Roll on Penumbra:-)

    Its incredibly unfortunate timing for such an annmnt but then the market has shown its disdain for pretty much any CCC annmnt and it probably wouldnt have mattered when this was anncd anyway.And,as you have mentioned its pretty much a market bloodbath with all stocks.The capitulation rolls on.

    I hope Huge's sentiment is correct on this one,"Is Don,is good".Hopefully BRR reveals more about the potential of the Colombian deal.

    DT must love his butt hanging out:-)

    Im beginning to think he either has the biggest testicles in the thermal corporate world or he's just lost his crackers.Im thinking its a bit of both!

    Lifes certainly not boring being a CCC holder.

    d.



 
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