mashala acquisition to be completed today, page-11

GS some things to be aware of;

Of course major institutions have already invested heavily and of course they have cashed in where ever they can in the past week.

source CCC website and ASX announcements:

?We not only have a significant off-take partner in EDF Trading, who have again strengthened their relationship with us, but we now also have a range of significant resource focused funds and institutions that will join our share register through the Placement and Convertible Note, all of which have confirmed their intent to assist us as we execute our project development plans.

Background to Mashala Acquisition
Under the terms of Share Sale Agreements executed on 15 September 2010 by CCL and Mashala?s shareholders, CCL will acquire a 64.1% shareholding in Mashala for a cash payment of US$35 million. The balance is to be acquired on the same pro rata terms within 12 months of settlement date with the option of settling in equity at a VWAP at the time of deferred settlement."

All conditions precedent in relation to this transaction have now been met and the Company is now fully funded to allow settlement to occur in October 2010.
Convertible Note
Continental has finalised a A$10 million Convertible Note facility with a range of Asian and European based financial institutions. The Convertible Note facility has been completed on the same terms as those previously approved by Shareholders. It will have a three (3) year term, a 10% coupon rate and is to be convertible into fully paid ordinary shares at A$0.08 per share.
Equity Placement
Continental is pleased to announce it has successfully completed a Placement of 475,950,000 new shares at an issue price of A$0.064 per share to raise US$30 million (before issue costs). The Company received very strong support for the placement which was oversubscribed. The placement shares will be issued in two tranches:
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200,000,000 immediately under the Company?s existing 15% capacity; and
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275,950,000 upon shareholder approval at the Company?s general meeting to be held on 19 November 2010"

GS...I'm puzzled with your comments:

"There is one thing that I know for sure, and that is some large institutions like to have ALL risk removed before investing in a company, especially when the risk is attached to a company making decision."

You also said they wouldn't be investing until Mashala's payment wasn't finalized.........They have!

Major institutions have invested heavily and will play the market heavily whenever they can!

GL DYOR IMHO