"MUMBAI (AFP) ? Shares in state-run Coal India, the world's biggest coal miner, soared more than 17 percent on their stock market debut Thursday, capping a hugely successful initial public offering (IPO). The sale of a 10-percent stake in Kolkata-based Coal India last month was the biggest share sale in Indian history and made the government 3.4 billion dollars. Within seconds of opening on the Mumbai stock exchange, the miner's shares jumped 17 percent to 287.7 rupees (6.5 dollars), from their issue price of 245 rupees...."
India's hunger for coal is immense and now they are showing interest in CCC' Botswana Portfolio before we've even commenced drilling. Can't wait for the final summary of the AGM. C'mon CCC!
CCC Price at posting:
74.0¢ Sentiment: LT Buy Disclosure: Held
