This is part of what was said in the announcement back on the 9th October,
The Company can confirm that it has received requests from a number of these parties to extend the timetable by which final binding offers are due. Given the nature of these bids, the Company has now agreed to extend the Final Bid Deadline from 28 September to 15 October 2012. The Company anticipates that upon receipt of these bids and following a detailed review of them by the Board and its advisors, an update to the market will then be made.
So they are reviewing them in detail. Ok, fair enough, it's now been 2 weeks since the offers closed. An announcement updating shareholders is needed as the SP is slowly sliding away again. If they end up with no offers l think we have been spun more BS. They said they have had several offers from companies. Indian based coal and utilities companies, equity and commodity groups. So management has said in writing offers have been received. Are they offers or just companies showing some interest in CCC. This is where l get a little nervous. Offers or interest? Big difference! I am emailing management to ask these questions. I will not hold my breath waiting for a response. Pete
CCC Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held