But its still thermal coal in South Africa which to me just doesn't seem to be a profitable business at todays coal prices. CCC itself was not profitable when coal prices were much higher.
CCC didnt have Penumbra in full production or for that matter any production when coal prices were higher.
Blue sky what about full production at Penumbra of 756,000TPA and the continual increase in production 3 years in a row from Klakvarkfontein?? Up 23% this year alone. If that is the case with Vlakvarkfontein what will Penumbra actually achieve 756,000pa plus an additional 23% as well?
Plenty of blue sky not only in De Witts.
If you are going to write posts put the correct information in.
Also please do not refer to my private conversations in your posts that I may or may not have with CCC shareholders as you are not privy to what is discussed in my private conversations.
CCC Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held