CCC continental coal limited

On the bright side, at least someone is making money. New...

  1. 2,130 Posts.
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    On the bright side, at least someone is making money. New $10.35m Royalty expense. Apparently related to finance facility previously entered into but not longer used. Ha! Probably never used whatever it was!!!!!! Who would have guessed those royalties were backdated. Financing is pretty interesting to look at. EDF drawn now $20m, less $5m amortised. $5.5m of it is current. I know its repaid in coal but that's pretty much same as cash, as could have sold it! That deferred revenue is boosting operating cash flow again I imagine. They were supposed to be repaying that with ABSA not drawing more. The rehabilitation provision up to $12m. No mention of the coal hedging, obviously. New, net $26m deferred tax liability with not details, what is that, more structural issues. Its just shock after shock with this company.
 
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Currently unlisted public company.

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