Amazing, better late than never.Funds over expected - waiting...

Amazing, better late than never.

Funds over expected - waiting since February, so agree unlikely to see any SP movement.

The announcement is not market sensitive.

If you read the original announcement from the 18th Nov it says "These funds will be used to further fund the growth and development of CCL’s thermal coal mining business in South Africa."

Can't see the company throwing much money a Botswana unless they can get a JV partner or sell the project. Without any clear economic path forward to getting coal to market Botswana is going to remain a very long term project.

Thermal coal price is the key and the start up of Penumbra.
Given the coal price is falling and Penumbra has been delayed I can't see the reason for any SP appreciation in the short term.