CCI chrome corporation limited

what happened ?

  1. 2,232 Posts.
    What a day to buy.

    Panic for no reason.

    It was the first report where CCI have consolidated all the South African entities.

    CCI had to write off some of the acquisition costs because of the new accounting rules (IFRS)

    But thats all history now.
    It had to be done and now it is.

    Apparently some also became concerned with the "going concern" aspects in the report.

    All small cap companies have to put in an explanation that they have an asset that has development costs more than the cash they have in the bank.

    CCI have some cash, will get some project finance and some cash from Aka.

    Apparently too...over the last few weeks , a large buyer didnt front with the cash and his broker sold him out as they do, and others got caught up in the tail wind and sold too....

    The fundamentals are still good. The ore is still there.

    The road show is still likely for the last week of March....but lets say first week of April and be pleasantly surprised if it happens before.

    Personally I and some others I know are in no great hurry for a roadshow...whats a few more weeks to make sure Brian has the "ammo" ready.
 
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