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CCC - Continental Coal

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pixel said:
Just out:
MININGMAVEN “MINES, CAMERA, ACTION!” VIDEO INTERVIEW RELEASED

meanwhile, the sp slips lower and lower - 6.5c at latest checkpoint
Click to expand...

Probably the video not being X or R rated, did not appeal the investors

Jokes apart I would ask if the interview was made much earlier why they did not publish the transcript earlier (I have not checked however if they did publish0.

small holder and patiently waiting to reenter on correction or next dip below 6 cents. Not enough money to buy now
 
Ann out today stating that Penumbra mining has been approved and they hope to have it going by this time next yr. This will be their third operating mine for a co with a market cap under $300m diluted
 
CCC's CEO is quoted in 'Minesite' UK 14/12/2010 that the company is to obtain a quote on London's AIM market to raise US$30 million in the float. Coal mining in South Africa can be tough as CoAl of Africa ASX:CZA found - looking good are CCC but very high risk on politics and a bit of anarchy in out to stop coal mining terms.
 

Just to correct you and update you:

1. CCC is not listing on AIM to raise money. They are listing on AIM for global exposure reasons. Whether they raise money or not is currently unknown.
2. CZA had environmental issues over one of their projects. Try drilling for oil in the Barrier Reef and you'd experience greater resistence.
3. SA as of last week joined BRIC. This puts paid to any chances of mine nationalisation.

http://www.atimes.com/atimes/China/MA04Ad02.html
 

CCC have announced that they will be floating on the UK AIM market in the first half of 2011 and will issue new shares to raise $30 million. [the main blog site on CCC states they can be retained in a UK ISA and of course SIPP, which is good news]
http://www.minesite.com/nc/minews/s...-month-in-london-as-a-uk-listing-looms/1.html
 
strong move today closing at 8.4 cents, up nearly 12%. Looks like some big players are making a move, there are some pretty big parcels going through on the buy side. Hopefully more to come.
 
188 million shares traded today. Managed to break out of a decending triangle which wasn't looking promising!

Edison have valued this one at .14c which I dont think included the Botswana project, which is surrounding a project from Asenjo Energy.

From their website Ansejo are producing around 2.35 billion tonnes of coal at this area!

More here, incl. pictures (http://conticoalers.com/2010/12/20/meet-the-neighbour/)
 

Not true if you phone the company. No shares to be issued on AIM is what they are saying. We'll have to see. The market is speaking today and doesn't seem to mind either way.
 
looks like some sense is prevailing.. still in need of big re-rating unless there is something everyone else knows apart from me ..
 
Quarterly came out last week. Aside from the usual progression of export sales and BFS of next mine the 2 main points i noted were:
1. Debt to be fully paid down by end of this quarter, with only about 5m remainging at the moment
2. Have been approached for an AIM listing before end of June. If this goes ahead perhaps that will provide the re-rating we are waiting for
 
ccc definately has run out of steam the last few weeks which is a bit of a shame
 
Not a lot of love either here or by the general market.

Unless i'm missing something it's just a matter of time before the value is realised. I've given myself a 3 yr timeframe for this one and by then they should be making profits...
 
CCC was recommended and appears to be good value with production on.
But I am not understanding how come the SP going south constantly.
Is there something not available in the public domain ?
What was the falacy of secondary raising clean up either ?
Just asking in the forum if any one please shed some light.
 
TODAY CCC announced its interim result.
Before the result was published the share price went north.
But I do not get it.
Revenue gone up by 1000% and profit dived down by more than 100%.
what should be the level of inefficiency to get such result ?
what will happen when the revenue goes down then profit will further go down
How the market is going to react tomorrow ?
How could so many pundits recommend this as a buy ?

http://www.asx.com.au/asxpdf/20110228/pdf/41x47xjwm1h2cp.pdf
 

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Have only just looked over it briefly, but profit is down due to acquisitions and costs of getting the new mines up and running.

A couple of things that grab my interest as to why they are so high:

1. Cost of Sales is slightly more than revenue income Included in this is 4m worth of 'bought in coal', what exactly are the referring to here??
2. 10m worth of consulting costs. Seems very high to me despite the takeovers that happened this year
 


CCC seems to be stuck in a 'run & retrace' trend. 3 almost identical runs and then retraces over the last 6-7 months. I noticed the Stochastics and Twiggs are sitting in virtually identical positions before each run.

IF we do get a repeat of the past 3 trends then we may see a run to 9.5 - 9.8 at the start of April.

Then again, maybe not.

I just like playing with my charts
 

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Worryingly it has broken through long term support at 6.5 and the rising trendline.

Markets being as they are atm looks like an each way bet for Friday. Might be worth a look next week if it can break the downtrend ( all IMHO of course)
 

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Update out today.

Co has exported 129k tonnes at and average price of $121 per tonne. This is close to 16m worth of incoming cashflow this quarter. Also sold 200k tonnes domestically, which is another $1m at worst case pricing.The update doesnt provide anything about costs though unfortunately.

Next mine is project to start mining Q1 2012 ramping up to full capacity by Q3 2010
 
Another update today:
Following the issue of OTC ADRs in the US, a US trading house has commenced coverage and published a new report.
 
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