Two weeks ago, JB sent an email to this forum via Volcano...

Two weeks ago, JB sent an email to this forum via Volcano explaining amongst other things that CCC was only trading down with other coal stocks and blaming a tip sheet for shareholders losses. Here is one quote but its interesting to re-read the whole email:

"Yes shareholders are looking for reasons but fundamentally and emotions aside CCC is in far better position now than it was 12 months ago. "

We now know from the company that CCC is out of cash at the hold co, which has somehow accumulated $6m of operating expenses, and is very tight at operating level. The company has said there is only 6-8 weeks before they will require a heavily discounted rights issue. In the mean time, all assets are for sale, including attempting to sell down, in distress obviously, the main operating business. Despite JB's comments about CCC being in a better position, CCC said last week they have been working on these issues for months.

Given JB is a director of CCC and the "face" of CCC in Australia, do people think the failure of that group will impact KAB? Particularly the possible deal with Noble?