Hi AllBased on last Friday's announcement - "Company has entered...

Hi All

Based on last Friday's announcement - "Company has entered into a sales agreement in respect of the disposal of its interest in the Vanmag Iron Ore Project in South Africa for US$10m. The US$1m deposit has now gone non refundable, with settlement scheduled to occur during October 2009"

I feel more comfortable now as the "sales" has now improved to "Sales Agreement status" and most importantly, the deposit sum of US$1m has progressed into "a non-refundable status", which means that CCC will get US$1m if the settlement does not complete by end of Oct 2009

IMO - DYOR

AoA