Hey Big Boy I think you have hit the nail on the head with your comments. The CCC deal is not the end of the world and does not change the amount of coal RCI is sitting on. If all goes well with this deal it can work out really well. IF CCC turns over a 3 Million Australian profit for this financial year this is money RCI can use for drilling and extracting coal. This means no need for further share placements in the future. CCC did incur a loss for the 06 financial year but have been profitable since. With prices on the rise I see no reason why they wont continue to be profitable, especially with all those incentive options available. I have been a holder since the beginning and will not be selling anytime soon.
RCI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
