fully subscribed and good news ccg

The rights was fully subscribed and raised $7m. The share price showed strength and finished 1.4c. Also by December under WTO rules China will open up telecommunications to foreign companies which puts Sinotel in an excellent position. CCG should float well and MSC will receive $4.5m for Comiinco. Together with current cash on hand by Christmas MSC will have about $12m in the bank. With the Japanese order getting under way and heading towards 50Kt/mth what could go wrong. And don't forget Perth. My prediction is there will be some committments to orders there and the main plant will have commenced construction by Christmas. Up up and away for MSC, the market is just not quite sure yet.