CCC (ASX) Interesting post

Originally posted by Omadawn ↑

This is only my second post, I post primarily on WS re RRS. I’m aware of the links even down to the ownership of Pennsylvania castle in Portland UK. The impact of the Cyprus “money grab” etc.

I look at things from a different perspective.

The business model of all these related parties is quite simple, but has failed to function correctly over the last 5 or 6 years because of the severe restrictions on access to capital over the last 5 years, something which no business planned for and has caused the liquidation of many household named companies.

Capital is still difficult to come by and hence the move towards China for funding.

The model is quite simple, you use shareholder equity to start the business and then transfer to development finance initially with an element of shares as security and then security over assets / production. The transfer to development finance has been restricted over the last 5 years and hence linked companies have had to survive by over indulging in equity finance at the expense of shareholders, who become trapped. The group behind this have to keep paying people out in the field as well as corporate overheads.

All these transactions have to be above board, possibly stretching things to the limit, to maintain a going concern and look forward to better things once capital markets free up. RRS & NKP have reached the stage of attracting development funding, CCC will be in a position to do likewise once the RI s completed. IOP has someway to go , I think the sale of the Tubatse assets will enable them to get to the stage of attracting development funding.

I posted on HC in response to a share prophets article on CCC which looked to play on the emotions of shareholders.

Shareholders have been caught out by the impact of global financing restrictions. The interlinked parties have managed to keep things afloat. Given many larger companies and banks in particular have had to rely on tax payer handouts, you could argue they have done well !

I believe RRS will be the first to benefit from this transition and will see a return on their stake in IOP within 2 years.

Expand

Hi Omadawn
"I look at things from a different perspective."

I would have thought that the $200,000,000 of contributed funds from 2009 to 2011=CCC
would have given more to show than the absolute mess than it is now .

Even after a 1:10 consolidation and now the 9 options for 1 share =10X9=90 dilution the company will end up with only approx. $2 > million after the new funding.

And if no shareholders take up the options they end up with less than 13% of the pre option company.
Q.
ARE YOU MANAGEMENT.

RB

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