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Continental Coal (COOL)
niceonecyril - 06 Jan 2013 20:51
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http://www.proactiveinvestors.co.uk/companies/news/33133/continental-coal-raises-us65-million-ahead-of-its-cool-flotation-on-aim-33133.html
South African coal miner Continental Coal (ASX:CCC) has raised US$65 million ahead of next week’s planned arrival of the company’s shares on London’s Alternative Investment Market, where their designated EPIC code will be ‘COOL’.
The bulk of the funds will be used for the development of Continental’s third coal mine in South Africa. This mine, known as the Penumbra Coal Project, is forecast to increase its run-of-mine production to a targeted annual rate of 750,000 tonnes of coal in the third quarter of next year.
The principal earthworks contractor for the project has begun civil and construction earthworks, including initial ground breaking at the site.
The financing has come from ABSA Capital, which is a division of one of South Africa’s largest financial services providers: ABSA Bank (a subsidiary of Barclays Bank). Continental announced today that it had received final credit approval and that due diligence had been finished, with legal documentation nearing completion.
The financing agreement includes a seven-year term loan facility of US$35 million to be made available to fund the development of the Penumbra mine, as well as a three-year term loan facility of US$15 million to be made available to refinance existing secured indebtedness under the coal prepayment deal that Continental has with EDF Trading. It also includes a secured annually-renewable working capital facility of ZAR100 million (approximately US$15 million) to fund general corporate working capital requirements.
“The development of the Penumbra Mine, our third coal mine in South Africa, is of strategic importance for our overall growth plans and therefore to have secured funding for this project is very important to the company and its shareholders,” said Don Turvey, Continental’s chief executive officer. “The fact that we received two very attractive financing offers for this mine is testament to the feasibility studies we conducted and the subsequent mine development plan chosen.”
The firm’s two existing mines, Vlakvarkfontein and Ferreira, produce approximately two million tonnes of coal per annum for both export and domestic markets Continental has stated that it also has a portfolio of nine additional coal development and advanced exploration projects, and that it intends to develop two further themal coal mines this year.
In its 2010/2011 financial year, Continental produced 1,290,000 tonnes of run-of-mine thermal coal, which included 962,187 tonnes of domestic-quality thermal coal and 327,962 tonnes of export-quality coal. The firm is targeting run-of-mine production from 2013 of seven million tonnes per annum.
South Africa is a country that is well-known for having issues with electricity supply, and blackouts are commonplace. So, Continental is increasing its coal production in an environment where increasing use of coal-fired power stations is not only tolerated, but encouraged.
For example, last year the go-ahead was given for one of the world’s biggest coal-fired power stations to be built in the country in spite of protests from green groups citing environmental concerns.
The company said its flotation on AIM, planned for September 19, is designed to increase its access to global financial markets, further diversify the firm’s shareholder base and (together with its existing listing on the Australian Securities Exchange) provide a stronger platform from which to consider acquisition opportunities.
http://www.proactiveinvestors.co.uk/companies/news/33133/continental-coal-raises-us65-million-ahead-of-its-cool-flotation-on-aim-33133.html
South African coal miner Continental Coal (ASX:CCC) has raised US$65 million ahead of next week’s planned arrival of the company’s shares on London’s Alternative Investment Market, where their designated EPIC code will be ‘COOL’.
The bulk of the funds will be used for the development of Continental’s third coal mine in South Africa. This mine, known as the Penumbra Coal Project, is forecast to increase its run-of-mine production to a targeted annual rate of 750,000 tonnes of coal in the third quarter of next year.
The principal earthworks contractor for the project has begun civil and construction earthworks, including initial ground breaking at the site.
The financing has come from ABSA Capital, which is a division of one of South Africa’s largest financial services providers: ABSA Bank (a subsidiary of Barclays Bank). Continental announced today that it had received final credit approval and that due diligence had been finished, with legal documentation nearing completion.
The financing agreement includes a seven-year term loan facility of US$35 million to be made available to fund the development of the Penumbra mine, as well as a three-year term loan facility of US$15 million to be made available to refinance existing secured indebtedness under the coal prepayment deal that Continental has with EDF Trading. It also includes a secured annually-renewable working capital facility of ZAR100 million (approximately US$15 million) to fund general corporate working capital requirements.
“The development of the Penumbra Mine, our third coal mine in South Africa, is of strategic importance for our overall growth plans and therefore to have secured funding for this project is very important to the company and its shareholders,” said Don Turvey, Continental’s chief executive officer. “The fact that we received two very attractive financing offers for this mine is testament to the feasibility studies we conducted and the subsequent mine development plan chosen.”
The firm’s two existing mines, Vlakvarkfontein and Ferreira, produce approximately two million tonnes of coal per annum for both export and domestic markets Continental has stated that it also has a portfolio of nine additional coal development and advanced exploration projects, and that it intends to develop two further themal coal mines this year.
In its 2010/2011 financial year, Continental produced 1,290,000 tonnes of run-of-mine thermal coal, which included 962,187 tonnes of domestic-quality thermal coal and 327,962 tonnes of export-quality coal. The firm is targeting run-of-mine production from 2013 of seven million tonnes per annum.
South Africa is a country that is well-known for having issues with electricity supply, and blackouts are commonplace. So, Continental is increasing its coal production in an environment where increasing use of coal-fired power stations is not only tolerated, but encouraged.
For example, last year the go-ahead was given for one of the world’s biggest coal-fired power stations to be built in the country in spite of protests from green groups citing environmental concerns.
The company said its flotation on AIM, planned for September 19, is designed to increase its access to global financial markets, further diversify the firm’s shareholder base and (together with its existing listing on the Australian Securities Exchange) provide a stronger platform from which to consider acquisition opportunities.
niceonecyril - 06 Jan 2013 22:49 - 4 of 19
This stock is worth checking out,but caution advided.
One problem SA coal producers such as COOL have is the Richards Bay export allocation. (An old link shows the 'complexities' involved:
www.info.gov.za/speech/DynamicAction?pageid=461&sid=16835&tid=29623)
COOL appears to have an allocation of 360kmt pa (www.platts.com/RSSFeedDetailedNews/RSSFeed/Coal/8873222)
While not so important now, how will the company expand export production to take advantage of the higher rates and demand, especially when/if Transnet is able to improve their operations?
One problem SA coal producers such as COOL have is the Richards Bay export allocation. (An old link shows the 'complexities' involved:
www.info.gov.za/speech/DynamicAction?pageid=461&sid=16835&tid=29623)
COOL appears to have an allocation of 360kmt pa (www.platts.com/RSSFeedDetailedNews/RSSFeed/Coal/8873222)
While not so important now, how will the company expand export production to take advantage of the higher rates and demand, especially when/if Transnet is able to improve their operations?
niceonecyril - 10 Jan 2013 13:09 - 5 of 19
60%+ in 5 days,since i started the thread.
If you are having any difficulty, please email us for help.
If you are having any difficulty, please email us for help.
Square Miler - 12 Jan 2013 11:29 - 6 of 19
niceonecyril
The RNS issued on the 10th jan heavily hints they are about to do some very tasty deals and i think this could multibag from here.
RNS:10th January 2012
The Company has provided a number of updates to shareholders over the past 2
months that have confirmed that it has achieved several major operational
milestones at its 3 coal mining operations in South Africa, at its proposed 4th
mine development and at its exploration projects in Botswana. These include:
* The Company now operating 3 thermal coal mining operations with a combined
ROM production rate of 2.8Mtpa of thermal coal for sales into both the
export and domestic markets
* First coal production and first export thermal coal sales completed from
the Company's 3rd mine, the Penumbra Coal Mine
* Mine development costs at the Penumbra Coal Mine fully funded and on budget
* Financial settlement during the December 2012 Quarter of the first Penumbra
Coal Mine hedge contracts completed, and demonstrated the benefit of the
Company's coal and foreign exchange hedging program that was implemented
earlier this year (664,550 tonnes of coal at an average price of ZAR1,057/t
(approx. US$123/t) to mitigate its exposure to a fall in US$ coal prices or
appreciation of the ZAR:US$
* Confirmation by the Company of forecast sales of approx. 200,000t of a
high-quality export thermal coal from the Penumbra Coal Mine in FY 2013 at
total costs of approx. US$55/t FOB. With revenue forecast to rise to
approx. US$45m in FY2014 on full year export thermal coal sales of 500,000
tonnes generating between US$15m and US$20m of forecast cashflow based on
current export coal prices.
* Optimization work on the 2011 Feasibility Study on the De Wittekrans Coal
Project, the Company's proposed 4th mine development, demonstrated the
opportunity to enhance the projects technical and financial fundamentals
with proposed exports of 2.4Mtpa of a thermal coal product, over an initial
30 year mine life generating an indicative Equity Project NPV10 in excess
of US$110m and an IRR of +20%
* Renewal of the Company's three coal Prospecting Licenses in Botswana, the
Serowe and Kweneng Coal Projects by the Botswana Department of Mines for a
further 2 years.
In addition the Company has also provided a number of updates to shareholders
over the past 2 months that have confirmed that a number of corporate
developments in respect to drawdown on its project debt facilities, divestment
of non-core assets and negotiations over an acquisition and/or direct
investment or joint venture into the Company's South African coal assets have
been advanced. These include:
* First drawdown of its secured debt project finance facility with ABSA
Capital (a subsidiary of Barclays Capital) completed with the ZAR253m
(approx. US$30m) seven year term loan facility and ZAR17.5m (approx.
US$2.1m) standby facility to be used to fund the outstanding capital, mine
equipment and working capital costs associated with the development and
commissioning of the Penumbra Coal Mine.
* Settlement of the proposed US$10m sale of the Company's interest in its
non-core VanMag Project proceeded with initial payment of approx. US$1m
received with a final US$9m payment scheduled to be received in the current
quarter.
* Proceeds from the sale of VanMag used towards acquisition of the minority
shareholders in Mashala Resources with agreement reached to extend the
final acquisition of the minority shareholders of Mashala Resources to 28
February 2013
* Further divestment of the Company's other non-core assets advanced with
indicative proposals received and under review and with any sales proceeds
to be used to reduce debt and meet ongoing working capital requirements
* Due diligence and bidding process completed with Indian based coal and
power utility companies, major global commodity trading and private equity
groups with offers received for the Company's interest in its South African
business and for acquisition and/or joint venture of specific operating and
development projects. Negotiations in respect to these offers are
continuing and an update is planned to be made in the current quarter.
The RNS issued on the 10th jan heavily hints they are about to do some very tasty deals and i think this could multibag from here.
RNS:10th January 2012
The Company has provided a number of updates to shareholders over the past 2
months that have confirmed that it has achieved several major operational
milestones at its 3 coal mining operations in South Africa, at its proposed 4th
mine development and at its exploration projects in Botswana. These include:
* The Company now operating 3 thermal coal mining operations with a combined
ROM production rate of 2.8Mtpa of thermal coal for sales into both the
export and domestic markets
* First coal production and first export thermal coal sales completed from
the Company's 3rd mine, the Penumbra Coal Mine
* Mine development costs at the Penumbra Coal Mine fully funded and on budget
* Financial settlement during the December 2012 Quarter of the first Penumbra
Coal Mine hedge contracts completed, and demonstrated the benefit of the
Company's coal and foreign exchange hedging program that was implemented
earlier this year (664,550 tonnes of coal at an average price of ZAR1,057/t
(approx. US$123/t) to mitigate its exposure to a fall in US$ coal prices or
appreciation of the ZAR:US$
* Confirmation by the Company of forecast sales of approx. 200,000t of a
high-quality export thermal coal from the Penumbra Coal Mine in FY 2013 at
total costs of approx. US$55/t FOB. With revenue forecast to rise to
approx. US$45m in FY2014 on full year export thermal coal sales of 500,000
tonnes generating between US$15m and US$20m of forecast cashflow based on
current export coal prices.
* Optimization work on the 2011 Feasibility Study on the De Wittekrans Coal
Project, the Company's proposed 4th mine development, demonstrated the
opportunity to enhance the projects technical and financial fundamentals
with proposed exports of 2.4Mtpa of a thermal coal product, over an initial
30 year mine life generating an indicative Equity Project NPV10 in excess
of US$110m and an IRR of +20%
* Renewal of the Company's three coal Prospecting Licenses in Botswana, the
Serowe and Kweneng Coal Projects by the Botswana Department of Mines for a
further 2 years.
In addition the Company has also provided a number of updates to shareholders
over the past 2 months that have confirmed that a number of corporate
developments in respect to drawdown on its project debt facilities, divestment
of non-core assets and negotiations over an acquisition and/or direct
investment or joint venture into the Company's South African coal assets have
been advanced. These include:
* First drawdown of its secured debt project finance facility with ABSA
Capital (a subsidiary of Barclays Capital) completed with the ZAR253m
(approx. US$30m) seven year term loan facility and ZAR17.5m (approx.
US$2.1m) standby facility to be used to fund the outstanding capital, mine
equipment and working capital costs associated with the development and
commissioning of the Penumbra Coal Mine.
* Settlement of the proposed US$10m sale of the Company's interest in its
non-core VanMag Project proceeded with initial payment of approx. US$1m
received with a final US$9m payment scheduled to be received in the current
quarter.
* Proceeds from the sale of VanMag used towards acquisition of the minority
shareholders in Mashala Resources with agreement reached to extend the
final acquisition of the minority shareholders of Mashala Resources to 28
February 2013
* Further divestment of the Company's other non-core assets advanced with
indicative proposals received and under review and with any sales proceeds
to be used to reduce debt and meet ongoing working capital requirements
* Due diligence and bidding process completed with Indian based coal and
power utility companies, major global commodity trading and private equity
groups with offers received for the Company's interest in its South African
business and for acquisition and/or joint venture of specific operating and
development projects. Negotiations in respect to these offers are
continuing and an update is planned to be made in the current quarter.
Mikel 4 - 13 Jan 2013 12:19 - 7 of 19
This was on interactive a few days ago
Continental Coal doubles, but has further to go
By Darshini Shah | Thu, 10/01/2013 - 13:55
Shares in Continental Coal (COOL) have doubled since the start of the week, prompting the company to publish a price query issue.
In a statement published on Thursday, the coal producer said that it was unaware of any information that could explain the recent trading in its shares.
Despite the recent share price movement, the shares have further to go.
Potential offer?
Firstly, the RNS confirmed that Continental Coal had received offers for its South African business and for the "acquisition and/or joint venture of specific operating and development projects". It added: "Negotiations in respect to these offers are continuing and an update is planned to be made in the current quarter."
Secondly, for those arguing that the offer has already been priced in, remember shares reached a peak of 18p in March 2012. An offer in the region of 15p, or even 10p, would not go unnoticed, given that the share price is currently at 5.5p.
Strong production
On the production side, leaving aside Botswana for now, the company is now operating three thermal coal-mining operations in South Africa, with a combined run-of-mine (ROM) production rate of 2.8 million tonnes per annum (mtpa) of thermal coal for sales into the export and domestic markets.
The first coal production and first export thermal coal sales was completed from the company's third mine, the Penumbra Coal Mine, in December 2012, with the mine-development costs fully funded and on budget.
Additionally, Continental Coal has forecast sales of around 200,000 tonnes of a high-quality export thermal coal from Penumbra in 2013 at a cost of c. $55 (£34) per tonne. Revenues are thus forecast to rise to approximately $45 million in 2014 on full-year export thermal coal sales of 500,000 tonnes, generating between $15 million and $20 million of forecast cash flow based on current export coal prices.
Optimisation work on the 2011 feasibility study for the De Wittekrans Coal project, the company's proposed fourth mine development in South Africa, demonstrated the opportunity to enhance the project's technical and financial fundamentals, with proposed exports of 2.4 mtpa of a thermal coal product over an initial 30-year mine life.
Continental Coal also has three large thermal coal exploration leases in Botswana, whose prospecting licences have been renewed for a further two years. These projects have a Joint Ore Reserves Committee resource of 2.2 billion tonnes (bt), and a further exploration target of 8.9 bt.
And despite the recent turmoil in South Africa, Continental Coal appeared to have emerged unscathed, with no strikes or mine closures and a hedge contract in place that cushioned it against current lower coal prices.
Sound fundamentals
But the existing low prices are still not an issue. Why? Simply because demand is strong.
Despite stringent carbon emissions targets in Europe, coal was the fastest-growing form of energy in the world outside renewables in 2011, with production up 6% on 2010, twice the rate of increase of gas and more than four times that of oil.
And spiralling demand for energy in Asia, in particular China, will ensure a continuing significant rise in coal production over the coming decades.
In fact, population growth and its explosively expanding middle classes will see demand for energy triple by 2030 in China alone, according to energy research group Wood Mackenzie
Continental Coal doubles, but has further to go
By Darshini Shah | Thu, 10/01/2013 - 13:55
Shares in Continental Coal (COOL) have doubled since the start of the week, prompting the company to publish a price query issue.
In a statement published on Thursday, the coal producer said that it was unaware of any information that could explain the recent trading in its shares.
Despite the recent share price movement, the shares have further to go.
Potential offer?
Firstly, the RNS confirmed that Continental Coal had received offers for its South African business and for the "acquisition and/or joint venture of specific operating and development projects". It added: "Negotiations in respect to these offers are continuing and an update is planned to be made in the current quarter."
Secondly, for those arguing that the offer has already been priced in, remember shares reached a peak of 18p in March 2012. An offer in the region of 15p, or even 10p, would not go unnoticed, given that the share price is currently at 5.5p.
Strong production
On the production side, leaving aside Botswana for now, the company is now operating three thermal coal-mining operations in South Africa, with a combined run-of-mine (ROM) production rate of 2.8 million tonnes per annum (mtpa) of thermal coal for sales into the export and domestic markets.
The first coal production and first export thermal coal sales was completed from the company's third mine, the Penumbra Coal Mine, in December 2012, with the mine-development costs fully funded and on budget.
Additionally, Continental Coal has forecast sales of around 200,000 tonnes of a high-quality export thermal coal from Penumbra in 2013 at a cost of c. $55 (£34) per tonne. Revenues are thus forecast to rise to approximately $45 million in 2014 on full-year export thermal coal sales of 500,000 tonnes, generating between $15 million and $20 million of forecast cash flow based on current export coal prices.
Optimisation work on the 2011 feasibility study for the De Wittekrans Coal project, the company's proposed fourth mine development in South Africa, demonstrated the opportunity to enhance the project's technical and financial fundamentals, with proposed exports of 2.4 mtpa of a thermal coal product over an initial 30-year mine life.
Continental Coal also has three large thermal coal exploration leases in Botswana, whose prospecting licences have been renewed for a further two years. These projects have a Joint Ore Reserves Committee resource of 2.2 billion tonnes (bt), and a further exploration target of 8.9 bt.
And despite the recent turmoil in South Africa, Continental Coal appeared to have emerged unscathed, with no strikes or mine closures and a hedge contract in place that cushioned it against current lower coal prices.
Sound fundamentals
But the existing low prices are still not an issue. Why? Simply because demand is strong.
Despite stringent carbon emissions targets in Europe, coal was the fastest-growing form of energy in the world outside renewables in 2011, with production up 6% on 2010, twice the rate of increase of gas and more than four times that of oil.
And spiralling demand for energy in Asia, in particular China, will ensure a continuing significant rise in coal production over the coming decades.
In fact, population growth and its explosively expanding middle classes will see demand for energy triple by 2030 in China alone, according to energy research group Wood Mackenzie
Jazz T - 14 Jan 2013 13:24 - 8 of 19
The key part of the rns just issued is the paragraph below,it shows they are in negotiations on a number of different assets.Must say at 5p or under this looks a stonking buy.
* Due diligence and bidding process completed with Indian based coal and
power utility companies, major global commodity trading and private equity
groups with offers received for the Company's interest in its South African
business and for acquisition and/or joint venture of specific operating and
development projects. Negotiations in respect to these offers are
continuing and an update is planned to be made in the current quarter.
* Due diligence and bidding process completed with Indian based coal and
power utility companies, major global commodity trading and private equity
groups with offers received for the Company's interest in its South African
business and for acquisition and/or joint venture of specific operating and
development projects. Negotiations in respect to these offers are
continuing and an update is planned to be made in the current quarter.
Jazz T - 14 Jan 2013 18:01 - 9 of 19
Two late reported buys today,get set for lift off here
10-Jan-1316:34:26 /5.15p / 1,650,000 Buy* 84.98k
10-Jan-1316:08:21 / 5.08p / 4,000,000 Buy* 203.20k
10-Jan-1316:34:26 /5.15p / 1,650,000 Buy* 84.98k
10-Jan-1316:08:21 / 5.08p / 4,000,000 Buy* 203.20k
Mikel 4 - 15 Jan 2013 11:39 - 10 of 19
Is this the reason why the Indian company has bid for the assets ?
Cold wave may push Jan coal imports up by half
Wed, Jan 09 18:57 PM IST
By Ratnajyoti Dutta
NEW DELHI (Reuters) - India's coal imports may rise by half to around 16 million tonnes in January from a year earlier, trade sources said on Wednesday, helped by a spurt in heating demand due to a severe cold wave.
India's northern region has been witnessing the coldest weather in at least 44 years, which has led to the death of over 100 homeless people, according to an aid group.
Traders currently expect January imports to be up 10-15 percent from December, estimating 14.2 million tonnes last month and 13.8 million in November. Year-ago January imports were 10.7 million tonnes.
"Imports have been on the rise since October to meet the higher energy demand during winter. The trend is expected to get a big push in the first quarter (January-March), aided by the current cold conditions," said Pranav Khurana, a freight analyst with Louis Dreyfus Commodities.
India imported 90 million tonnes of thermal and coking coal between April and November, up 26.8 percent from a year earlier.
Thermal or steam coal, the fuel mainly used by power producers, accounted for nearly 70 percent of coal shipments in the first eight months of the 2012/13 fiscal year.
The trend indicates that India could import about 100 million tonnes of thermal coal alone in this fiscal year.
India's coal ministry expects production of 574.40 million tonnes in 2012/13, up 6.4 percent from a year earlier.
The gap between India's domestic coal supply and demand will be around 192 million tonnes in the fiscal year to March 2013, according to the coal ministry.
In 2011/12, Asia's third-largest economy imported about 103 million tonnes of thermal and coking coal, a nearly 50 percent jump from a year earlier.
Cold wave may push Jan coal imports up by half
Wed, Jan 09 18:57 PM IST
By Ratnajyoti Dutta
NEW DELHI (Reuters) - India's coal imports may rise by half to around 16 million tonnes in January from a year earlier, trade sources said on Wednesday, helped by a spurt in heating demand due to a severe cold wave.
India's northern region has been witnessing the coldest weather in at least 44 years, which has led to the death of over 100 homeless people, according to an aid group.
Traders currently expect January imports to be up 10-15 percent from December, estimating 14.2 million tonnes last month and 13.8 million in November. Year-ago January imports were 10.7 million tonnes.
"Imports have been on the rise since October to meet the higher energy demand during winter. The trend is expected to get a big push in the first quarter (January-March), aided by the current cold conditions," said Pranav Khurana, a freight analyst with Louis Dreyfus Commodities.
India imported 90 million tonnes of thermal and coking coal between April and November, up 26.8 percent from a year earlier.
Thermal or steam coal, the fuel mainly used by power producers, accounted for nearly 70 percent of coal shipments in the first eight months of the 2012/13 fiscal year.
The trend indicates that India could import about 100 million tonnes of thermal coal alone in this fiscal year.
India's coal ministry expects production of 574.40 million tonnes in 2012/13, up 6.4 percent from a year earlier.
The gap between India's domestic coal supply and demand will be around 192 million tonnes in the fiscal year to March 2013, according to the coal ministry.
In 2011/12, Asia's third-largest economy imported about 103 million tonnes of thermal and coking coal, a nearly 50 percent jump from a year earlier.
niceonecyril - 19 Feb 2013 09:18 - 11 of 19
niceonecyril - 08 Mar 2013 07:34 - 12 of 19
the manageress
- 15 Mar 2013 09:29
- 13 of 19
This news appears to have spiked the shares trading in London. anybody heard anything?
CONTINENTAL COAL LTD - Trading Halt
Date: 7:00 am, 15 Mar 2013
CONTINENTAL COAL LTD - Trading Halt
PR Newswire
London, March 15
15 March 2013
The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000
By e-lodgement
Continental Coal Limited (the "Company") wishes to advise that its ordinary
shares have been placed in a trading halt on the Australian Securities Exchange
pending the release of an announcement regarding the conclusion of a strategic
corporate transaction. The Company's shares will continue to trade on AIM
during this period.
the manageress
- 15 Mar 2013 13:31
- 14 of 19
Just found this on "hot copper" an australian share form.
"Forum: ASX - By Stock (Back | Return to Latest Posts)
Code: CCC - CONTINENTAL COAL LIMITED ( 4.9c | Price Chart | $23.95M | Announcements | Google CCC)
Post: 9173103
They wouldn't be putting this into a trading halt for the settlement of Mashala Resources.
The key word in this announcement is "strategic". All announcements from CCC that have the word "strategic" have all been about the investments on DeWittsks Coal project or the Botswana project.
So hang on and enjoy the ride. I have heard there will be another announcement not long after this one early next week also. So get ready for lift off as I am looking forward to saying good by to all those non stockholders who have been bagging management and the few stockholders who read this. "
"Forum: ASX - By Stock (Back | Return to Latest Posts)
Code: CCC - CONTINENTAL COAL LIMITED ( 4.9c | Price Chart | $23.95M | Announcements | Google CCC)
Post: 9173103
They wouldn't be putting this into a trading halt for the settlement of Mashala Resources.
The key word in this announcement is "strategic". All announcements from CCC that have the word "strategic" have all been about the investments on DeWittsks Coal project or the Botswana project.
So hang on and enjoy the ride. I have heard there will be another announcement not long after this one early next week also. So get ready for lift off as I am looking forward to saying good by to all those non stockholders who have been bagging management and the few stockholders who read this. "
the manageress
- 17 Mar 2013 23:31
- 15 of 19
http://hotcopper.com.au/announcementFiles/2013/CCC/ed949cb2-3779-4681-b258-a91229eb3858-CCC628849.pdf
the manageress
- 18 Mar 2013 00:16
- 16 of 19
The link goes to the announcement regarding VILLAGE MAIN REEF purchasing 19.99% of Continental, which is great news.
halifax - 18 Mar 2013 17:48 - 17 of 19
sp reaction suggests not
Bullshare
- 30 Sep 2013 10:09
- 18 of 19
Don Turvey, Chief Executive Officer of Continental Coal to present at Mining and Resource Evening in London on 17th October 2013
Following the resounding success of our previous evening events, Shares Magazine is pleased to be to offer another chance for investors to meet, hear from and ask questions of key senior management figures from carefully selected companies.
This event offers a unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.
Tickets are completely free but places are strictly limited so register now.
Date: Thursday 17th October 2013
Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR
Registration: 6.00pm
REGISTER FOR LONDON EVENT NOW
Presentations: 6.30pm followed by a drinks/canapés reception
Companies Presenting:
CHAARAT GOLD
Chaarat Gold (AIM:CGH) is an exploration and development company operating in the Kyrgyz Republic. Situated in the highly prospective Tien Shan gold belt, a JORC compliant resource of 5.76Moz at a grade of 4.03g/t has been delineated at the Chaarat Gold Project. The Company's key objective is to become a low cost gold producer targeting annual production of 200,000 ounces from the development if the Chaarat Gold Projet.
Speaker: Dekel Golan, CEO
Continental Coal (AIM:COOL)
Continental Coal Limited (ASX:CCC/AIM: COOL/US-OTC QX:CGFAY) is a South African thermal coal producer with a portfolio of projects located in South Africa’s major coal fields including three operating mines, the Penumbra, Ferreira and Vlakvarkfontein Coal Mines, producing 2.8Mtpa of thermal coal for the export and domestic markets. A Bankable Feasibility Study has been completed on a proposed fourth mine, the De Wittekrans Coal Project. Continental Coal also has 3 large thermal coal exploration leases in Botswana, with a JORC resource of 2.2Bt, and a further exploration target of 8.9Bt.
Speaker: Don Turvey, Chief Executive Officer
Fox Marble (AIM:FOX)
Fox Marble Holdings PLC is a natural stone extraction company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble including white breccia and honey yellow onyx.
Speaker: Chris Gilbert, CEO
Tangiers Petroleum (AIM:TPET)
Tangiers is an ASX listed exploration company which has a portfolio of two potentially world class oil and gas assets located in Morocco and Australia.
Tangiers Moroccan assets include the highly prospective Tarfaya offshore block.
In Australia, assets include the significant Nova and Super Nova gas prospects located offshore Northern Australia.
Speaker: Eve Howell, Executive Chairman
Following the resounding success of our previous evening events, Shares Magazine is pleased to be to offer another chance for investors to meet, hear from and ask questions of key senior management figures from carefully selected companies.
This event offers a unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.
Tickets are completely free but places are strictly limited so register now.
Date: Thursday 17th October 2013
Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR
Registration: 6.00pm
REGISTER FOR LONDON EVENT NOW
Presentations: 6.30pm followed by a drinks/canapés reception
Companies Presenting:
CHAARAT GOLD
Chaarat Gold (AIM:CGH) is an exploration and development company operating in the Kyrgyz Republic. Situated in the highly prospective Tien Shan gold belt, a JORC compliant resource of 5.76Moz at a grade of 4.03g/t has been delineated at the Chaarat Gold Project. The Company's key objective is to become a low cost gold producer targeting annual production of 200,000 ounces from the development if the Chaarat Gold Projet.
Speaker: Dekel Golan, CEO
Continental Coal (AIM:COOL)
Continental Coal Limited (ASX:CCC/AIM: COOL/US-OTC QX:CGFAY) is a South African thermal coal producer with a portfolio of projects located in South Africa’s major coal fields including three operating mines, the Penumbra, Ferreira and Vlakvarkfontein Coal Mines, producing 2.8Mtpa of thermal coal for the export and domestic markets. A Bankable Feasibility Study has been completed on a proposed fourth mine, the De Wittekrans Coal Project. Continental Coal also has 3 large thermal coal exploration leases in Botswana, with a JORC resource of 2.2Bt, and a further exploration target of 8.9Bt.
Speaker: Don Turvey, Chief Executive Officer
Fox Marble (AIM:FOX)
Fox Marble Holdings PLC is a natural stone extraction company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble including white breccia and honey yellow onyx.
Speaker: Chris Gilbert, CEO
Tangiers Petroleum (AIM:TPET)
Tangiers is an ASX listed exploration company which has a portfolio of two potentially world class oil and gas assets located in Morocco and Australia.
Tangiers Moroccan assets include the highly prospective Tarfaya offshore block.
In Australia, assets include the significant Nova and Super Nova gas prospects located offshore Northern Australia.
Speaker: Eve Howell, Executive Chairman
Bullshare
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