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What happened to the supposed multi million value of Botswana? RB

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riverbrae

2,515 Posts.

11/10/14

23:57

Post #: 14111949
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Originally posted by KIWI67 ↑

Are you really moderating people Trim? After all that has happened?

So sell off all the mines that provide any income at all to this mob. Wonder if the travel and meeting expenses 1,373,000 and 104,494 rights issue will be reimburse. Me thinks not.

page 67 of Annual.

Continental Coal Limited (South Africa)

Current assets 2,936
Non-current assets 24,471 2
Total assets 27,407

Current liabilities (18,198)
Non-current liabilities (119,603)
Total liabilities (137,801)
Net assets (110,394)

You can also see the below in this table

Mashala Limited 11,610
Penumbra Coal Mining (Pty) Ltd 474
Ntshovelo Mining Resources (Pty) Ltd 5,922

So where is the "excess cash reserves"

I would say that this is more likely the result of the SI's knowing that they will not be able to "distribute" and pulling support. Who would they sell too?

Either way. It will be a fire sale.

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What happened to the supposed multi million value of Botswana?

RB

CCC Price at posting: 2.0¢ Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

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