Hey all,I took the difficult decision of cashing out my stake in...

Hey all,

I took the difficult decision of cashing out my stake in ADY (10c - 14c) and rolling it in to CCI at 1.6c.

Thanks to the other guys for discussions on CCI.

I've re-read the quarterly a few times, and the discussion of recent site activities makes me feel pretty comfortable that the guys will walk the talk.

It all hinges on securing a black empowerment partner to buy in and fund the actual costs of mine re-opening, but once that happens it should be a lowish risk start-up, with immediate cash flow.

I like the fact that CCI have good development right down to the mining panels, plus some minesite infrastructure, plus good rail system. Chromite might sound stodgier than nickel, but it is still one of the essential feedstocks for the global steel industry.

R/happy