why they can't make profit ?, page-14

I don’t think we need any wildcards for 2012, as coming good on stated objectives is what would help boost shareholder sentiment and investor confidence. It’s the same old things.

A prompt conclusion or settlement on:
- Vanmag
- SIOC-cdt deal
- Mashala deal
- Quarterly cash statements

And some updates/progress on
- Kenya
- Cornerstone investors and Institutional support
- extension of Ferreira mine
- drawdown on ABSA financing

And no more negative surprises like we saw with
- the substantial write offs at Project X
- the cost blow out on De Witts BFS
- the please explain on the Chelmsford Coal Asset
- Socius selling out and averaging down

The upside should be measurable and obvious things like:
- completing Penumbra on time and budget
- a positive finding in Botswana
- De Witts starting development ‘permits permitting’
- other directors buying
- continual improvement at Vlakvarkfontein & Ferreira
- that the ‘one-off fees’ are a thing of the past
- accepting the audit recommendations and adopting best practice


As a junior CCC is entitled to its share of ups and downs, but CCC shouldn’t have to be a massive test of one’s patience and wits, but because it is, that’s why current sentiment is where it is.