Two great posts today adventurine.I especially loved this...

Two great posts today adventurine.I especially loved this part."open to debate"

There are a few things for me that are a little dodgy IMHO.

WAS THIS REPORT PAID FOR?

"Cash as at 31 December 2011 of A$11.3m"

Did CCC have this cash on hand or was it CCLSA and thats why they borrowed money from Range recources in december?

A tad misleading IMHO.

"Improved liquidity with debt funding
secured from ABSA Capital"

This is not finalised and does not state this in the broker report.

A tad misleading IMHO.

"The significance of this is that
Masawu does not and did not have the cash to fund
its share of the developments."

This states that the previous bee partner did not fund his 26% share of costs. We already knew this. What this statement implies is that the new bbe partner will ( when finalised also i may add )but it does not state this.

A tad misleading IMHO


"An exploration target of 6-7billion tons of coal
has been set by independent geologists of
which 2.7Bt is at shallow to moderate depths."

Are they impling that there may be 12-14 b ton of resource and the 6-7b ton is what they will have left after they hand back 50% of permits currently under way.

A tad misleading IMHO.

Who is paying for the stalls at the mining expo CCC or CCLSA ?

And this.

The only mention of Van Mag.

"CCC is also expects to receive US$10m from the sale of an
inherited subsidiary (“Vanmag” a vanadium & magnetite company)"

What do they mean by this "inherited subsidiary" Im sure they paid for it.

Cash burn is the problem as it is greater than cash available.

Everything they touch is unfinished and has un answered questions.

If the traders ( not me the big boys )leave this stock it will just glide downwards.

No cornerstone investor and millions of loose stock.

good luck and be carefull all.