positive view from a different perspective, page-6

I have followed this stock closely for the last 15 months now.

These are my observations:

1) dilution has taken place, but we also acquired Mashala

2) EDF, Kores, Socius, SIOC-CDT, ABSA bank have come aboard. All would have done their due dilligence and analysed Conti inside out. Not bad for a small coal miner in SA.

3) their is a clear path forward for the next 3-5 years

4) there have been delays in getting Penumbra, De Wit complex, Botswana driliing and AIM listing underway in a timely fashion. I believe the original timetable was too ambitious and management got caught up in the hype.

5) reporting at times has been lax but appears to be improving last 3-6 months

6) production and sales have been improving month by month

7) share price has been dropping last 7-8 months partially due to world events and partially due to games being played. I have many stocks on my watchlist and none behaves like CCC. Eventually those big guys that play the games will have had enough and move on, or achieved their ultimate goal and accumulated enough so they can let Conti fly.

Gefi