allanmac...... your spot on with respect to the comment that it...

allanmac...... your spot on with respect to the comment that it is worth more than the takeover price.

My understanding of CCD is that it has such a great resource and huge up side but had fallen on difficult times in relation to being able to finance its expansion. Its one of those things that whereby the in ground coal is so good and large that it takes huge money to motivate it out of the ground and onto a ship.

Chinese want as much coal as they can lay their hands on and the recent news of German nuclear plants being shut down means that coal producers are the sweat heart of the ASX and other exchangers.......the question you may ask is why the CCD price is stagnent.......

Just look at it as pent up demand....by this I mean that the current CCD shareprice is way under value compared to where it would be if CCD had all the finance in place. Put another way SI PI and Instos are sitting on the fence at this stage due to they see there is some risck attached to CCD......However that will change when the GRAM deal goes through and then thet RISK becomes REWARD...watch this stock move then.

As with Massey I am a holder of ORD and their nearterm success is directly linked to the success of the GRAM deal by way of a 5-10% option deal because they helped set the deal up between the two parties.

Your time will comm CCD share holders.