re: Ann: Continental Coal Enters into Binding...
Interesting to see the two licences are both Serowe license 339 and Kweneng license 341 leaving licence 340 at Serowe with CCC 100%. When you look at previous announcements on Serowe could hold up to 9 billion tonnes, holding license 340 of Serowe is a smart move for CCC once the results from the exploration are concluded on the two licenses as would potentially be a 60/40 split over all three licenses & good upside if the inferred resources are proven? We will look forward to seeing the money invested in this project and who is the successful partner of the several parties who CCC have had a choice of on these projects. Starting too feel a lot more comfortable in CCC with all the goings on in the second half of this year. We just might get a bigger present for Christmas?
CCC Price at posting:
3.1¢ Sentiment: LT Buy Disclosure: Held