Gefi. Continental capital is Okap. Continental capital (Now Continental coal) is a mining and investment house. Thus the reason for not having to provide "Q"s. Substituting capital with coal does not change that fact.
You now have an Okap mining engineer as a CFO. You have two Okap Company Secretary's. You have Okap running corporate affairs. Okap and Komodo arranging issues(for a %)
Total shares including per consolidation is now 3.5b (not including oppies)and they show no sign of stopping.
You have now 13 directors for a company with a market cap of just 24m. Who have just approved to increase their salary's by 60%
Total Liabilities of $141m (half year)near 6 times market cap. ABSA loan needs to be started to be paid back next year. (Just 2% $550k) But from 2015 11.28%($3.1m) then 15.64%($4.4m), 21.32%($5.9m). 24.88%($6.8m. final 24.88%($6.8m).
That's just ABSA.
These are the facts and all come down to the decisions made by the Okap Australian based management.
I agree the Don (CCL) has done well to get sub par mines just over EBIT break even. But It's hard to see a rosy future.
CCC Price at posting:
4.7¢ Sentiment: None Disclosure: Not Held
