negativity is baseless!, page-23

Conti have to give up 50% of each of the 3 leases - previous anns stated that they deliberated targeted (and found) zones with no coal value - CCC lodged relinquishment forms to Botswana govt in mid Dec 2011, the deadline was end March 2012 - so it's not true that CCC are incapable of meeting deadlines. Given the way other ASX listed Botswana coalers have been valued lately, I am not overly optimistic of getting much value out of Botswana for now. Perhaps $20m, or roughly 5c added to SP.