Brenden is bang on with the use of the word "entrepreneurial" when describing CCC.
The emerging CCC business plan is brilliant and I very much doubt whether any Australian coalie could have moved at such break-neck speed to put together such a cohesive plan.
For starters, the African continent offers opportunities far greater than what is available in Australia. The big elephants in Australia have already been captured. Not so in Africa.
And specifically South Africa have been in a trough over the past few years and they know they need to move FAST to recoup lost ground. (I'd like to see them move faster at Richards Bay though)
So, CCC has been in the right place at the right time...Marshala is proof positive of that. And I'd be very surprised if there were not more of these to come because success happens to result in been offered other opportunities.
Where is the Australian equivalent of picking up such a valuable asset at a knock down price?
Then have a look at what CCC have achieved.
(1) Get the asset at a bargain price (2) Make sure you have the infrastructure to get to market (3) Use the money of influential parties (EDF and KORES) (4) Find solid customers for all the product you can mine
All of this at a time when coal is $100 and not $20!
Next Point: Of course you can make comparisons between coal companies. Afterall, they deliver EXACTLY the same product to the end customer.
The Key Performance Indictors (KPI's) are the same!
And for investors, again comparisons can be drawn between CCC and Aussie coalies.
It's a straight out "shoot out"...what return am I getting on my investment and am I happy with it given the risk involved?
Bottom Line (for me anyway): Having studied the Aussie coal companies, and bearing the risk involved, I think CCC offers far better investment value.
Others might see it differently...that's cool..to each his own!
CCC Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held