I think we are now seeing the end result of the BEE systems inefficiencies Brendan in that it tended to break up in-ground assets,much like what happened with Angloplats and NKP and its farms.
And now you have a guy like Turvey with a vision to take advantage of this innate BEE inefficiency in that many of these fractured BEE holdings are now severly stressed and are looking to be sold on to other BEE compliant companies that CAN move these assets on.
Your point about rapid expansion perhaps also relates to Mashala's OTHER assets that not many have talked of yet,that being their management.
These are a pretty experienced group of guys and can only but help in any further Turvey/CCC expansion plans.One almost gets the impression they have been strangled to a degree by the current Mashala board in not being able to publicly raise working capital or push expansion plans themselves.I would hazzard a guess that Unihold arnt exactly experienced in this mining arena either.
When one looks at how these guys could be utilised at Vaalbank/Project X/De Wittekrans you essentially have a project ready workforce WITH infrastructure.Now all CCC have to do is complete the BFS's etc and obtain the mining rights and away they go.
To me they havnt just purchased some more resource with a bit of infrastructure.Theyve managed to put their foot on the other half of what was needed to make CCC a WHOLE company with excellent forward potential if they do decide to make further expansionary moves as you mention.
This was surely a pivotal part of those expansionary plans and as you say,once we see some good cashflow there could be further aquisitions.
d.
CCC Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
