Is liquidation considered an initiative. I guess if your a spin king, it does.
I have a sneaking suspision they have sold the farm and sold off some ownership of CCCSA, and hopefully VanMag has finally gone through. If that ownership has been sold, I will probably sell, I cant take another deal where conditions hamstring us (funds to stay in CCCSA etc)
A real initiative is not selling stuff, but focusing on controlling your costs, and making some hard decisions. We are clearly not going to be a $250mill AUD mid tier producer, and need to adjust our structure accordingly.
Normally I would be positive, however considering they still publish that they are "a profitably coal producer", then yes, we still cant trust words, implied or otherwise.
Hoping we have something to sell into.
All the best,
WEBK
CCC Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
