I invite all smart heads on this forum, holders and non - holders to do a little bit of a brain storming.
We all now that CCC is not going to last much longer in the current business form, so, what now?
1. They sell non-core assets and pay some debts and extend the suffering for 12 - 18 months.
2. We are left with two producing (hardly profitable) mines + Pen and no proven reserves in the portfolio.
3. Vanmag is not sold and the story of a third party mining is not worth discussion.
6. DeWitt is no longer a possibility. No bank will lend them money.
7. Penumbra is operational before the end of 2012 and is paying the loan, wages, fees etc for the next 12 months. Benefit to CCC is zero in short to medium term.
8. Buyer interested to buy the lot for around 20 mil is a distant option due to huge liability (around 80 mil).
9. Directors maintaining status quo and bleeding the unfortunate dog to death.
10. Sale of some assets is achieved. How will that have a positive impact on SP? Some cash is received, but the overall value of the company is reduced.
I can't see how any move by the mob will result in a reasonable SP increase.
I invite all smart heads on this forum, holders and non -...
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