time for a share buy back?, page-5

Mihal, there must be some theoretical point where CCC shares become cheap enough that it better to purchase them than other assets. What if the shares halved again for instance?

Subject to those corporate matters being tidied up as as you say, I'd push for a buyback program if I was a shareholder. Costs little to buy back 10pc of the stock and would have positive direct and indirect impact. Apart from that, they should concentrate on current production, which is going well, getting Pen up and running, extending Ferr life and perhaps little bolt of acquisitions like the last one.

Dewitt should be shelved for now. Keep progressing on the plans without spending too much, just in case coal prices go through the roof to make it economic. At the moment developing Dewitt makes zero sense to me versus where you can buy listed coal assets and unlisted probably cheaper.