Cant understand how you can be asking such a question(re...

Cant understand how you can be asking such a question(re Evalue?) Raging with thermal coal at 90/t and still looking weak the only asset that might give them so respite is Penumbra.The big problem with CCC is just how much debt they must service and how much of the investor funds they have wasted in the interim.

I got out not long after the thermal priced dropped below 90/t and thought CCC's market cap couldnt go any lower even then.But it looks to me as though the market thinks they might have problems bringing any more of their projects to fruition without pulling a very big rabbit from the hat.

In recent times they have promised much with Vanmag and Colombia and Im thinking that theyd hoped Botswana was going to be a saviour for the sp.But the heat has gone from Botswanan exploration for the moment and it was always going to only ever be an INFERRED result,low calorific at that,which was also indicated by other deposits close by.

IF they had managed to keep costs under control and limit the bleed to consultants,(WHOEVER they might be???) then perhaps the market may have smiled on them a little more kindly.

The biggest dissappointment for me has been the lack of transparency in where funds,be they shareholder or private, have gone.There have been several instances where CCC stated that raised funds were destined for payout of particular deals,the Mashala completion being prominent.

I feel for those still having the testicular fortitude to be in CCC and hope that they can show some form of Lazarus comeback with a deal in Colombia or the thermal price heading back up in the not to distant future if its survives any debt issues it might have.

d.