CCC continental coal limited

major share holder, page-5

  1. 7,163 Posts.
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    Cane ,you say CCC have $15m cash on hand ,I want to see how you worked this out .

    I personally think you havent worked it out yourself , instead taking information from flawed posts on hotcopper ,but not the updated post from Sen00.

    Sen has since posted that CCC have $15nm +access to another $15m EDF ,then on top of that $10m con note .

    Then there is the sale of Vanmag which will give them $10m .

    I also thought there was another separate EDF loan ,but not sure about that one .

    There will also be some cashflow from the 2 mines albeit small ,but helpful ,especially that we are in the sweet spot of high prices .


    EDF have also made their position clear to support Conti ,and I dont expect this to change .

    It has been complicated ,but I am absolutely certain that DT and PL have worked out their numbers ,and know exactly what they need to progress these projects .

    Once the third mine is producing they will have good cashflow to progress mines further .

    Down the track they will also reciecve circa $$40-$50m from the options exercise .

    People talk about using diluted market cap to work things out ,but forget this major source of funding in the future .

    This was also from Khaliqs earlier post...


    "Sun in the AGM Don addressed the question

    $70M will be funded through a mix of FCF/Debt funding/EDF offtake loans
 
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Currently unlisted public company.

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