Thanks Kiwi67 If a Superannuation company managed as well as...

First 16 Last

Share
Profile

Follow
riverbrae

2,515 Posts.

12/10/14

18:12

Post #: 14113143
Share

Originally posted by KIWI67 ↑

RB
This is it. Some have been handed back and the others show the same as last Annual.

Botswana Coal Projects
The Company is in advanced discussions in respect of the two remaining Prospecting licenses (PL 340/2008 and PL 341/2008). PL341 has been transferred and the transfer documents for PL340 have been submitted to the Botswana Ministry of Minerals, Energy.

Botswana Weldon Investments (Pty) Ltd Weldon Investments (Pty) Ltd 1 April 2009
Expire 31 December 2014.
I would say zero as it will have to be handed back like PL341

South African Subsidiary
The net assets of the Group have decreased by $33,832,592 from $26,727,746 at 30 June 2013 to ($7,104,846) at 30 June 2014. This decrease has resulted primarily from the increased finance costs, provisions on onerous contract and commencement of amortisation and depreciation of exploration and development assets in relation to the South African Subsidiary.

Page 70.

Vaalbank, Project X, Vlakplaats, Wolvenfontein and Leiden have had renewals submitted for between 2011 and 2012 with the DMR. Non to date have been granted.

The Group has completed the purchase agreement with Misty Sea (Pty) Ltd relating to the purchase of the prospecting rights for Project X & Vaalbank. The section 11 approval of the transfer of the rights to Idada Trading (Pty) Ltd and Kebragen (Pty) Ltd where the Group would have a 70% and 75% shareholding respectively was granted on 27 August 2013. At reporting date the group had not received the execution date from the Department of Mineral Resources.

So Again. if $35m would clear debts and leave just $2,4m in the bank. Where is the spear cash if the SA sub is sold??????

Expand

Thanks Kiwi67

If a Superannuation company managed as well as these guys there would be a Govt. enquiry.

RB

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

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

HotCopper Highlights: Your most watched stocks for Week 47, 2024

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

There are more pages in this discussion • 51 more messages in this thread...

First 16 Last

Add CCC (ASX) to my watchlist

Thanks Kiwi67 If a Superannuation company managed as well as...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Scientific conference spotlights PYC's work on blindness disease treatment

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Sales growth pushes Lovisa's fortunes (and shares) upwards

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Featured News