Well, I'm not an expert on corporate stuff so I wouldn't like to say exactly WHAT it is. Others here would have a better idea than me.
I just note that in one the previous quarterlies the gross profit attributable to the mines themselves was actually pretty reasonable, but the net profit attributable to CCC was little more than break-even.
I would guess it got frittered away in OKAP fees, dilution of ownership, funding costs, overheads, etc.
But I can assure you there's nothing wrong with the black stuff they're digging out of the ground. :)
CCC Price at posting:
6.0¢ Sentiment: None Disclosure: Held
