Hi FolksHaving a look at yesterdays announcement, this little...

Hi Folks

Having a look at yesterdays announcement, this little excerpt says it all:

"The company is expecting to complete due diligence on the several acquisition opportunities shortly.
The projects being considered come with strong industry management"

So the projects are under management already...and importantly under 'strong' management.

Chrome projects? Mining projects even?

Judging by the aggressive director buying I think we have something here.

But what?

Shares on issue are going to be way up there. Options on issue currently are out of the money so thats a saving grace.

Most likely a share consolidation down the track.

As for the offer? .005 cents a share seems attractive with the option.
Good long term proposition 'if' the management are indeed on to something..

And regardless of what happens at Ruighoek, lets not forget that despite the project going elsewhere, it does give CCI a debt free slate and $10 million worth of shares or more in Blackthorne.

So we may look back and sayit was a 'sound' decision...perhaps.


Perhaps then we are not looking at the several other properties in the surrounding area?

If not...then what?

Will Chrome still be the focus I wonder?

The next several trading days may well be frenetic as speculators may see this as an opportunity to get set or trade a company that is looking to change direction ...again.

Any calls on the share price 'this week'

I think we will see 1.5 cents here and a number of players looking to get a piece of the new SPP.

Should be interesting.