CCC - Continental Coal

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Very pleased to see Conti start to move strongly north

Diggers and Drillers rate the SP at 11.8 c.Finished the day at 6.8

Volumes are high and buyers are outnumbering sellers.

Bonne chance to all holders

She'll come out of a Trading Halt tomorrow. Heard some rumours about a 5.5c cap raising/ rights issue?
Wish I'd seen this thread on the 13th when MACD displayed a strong Bullish Divergence and rising volume

 

[drillinto]

August 03, 2010

Continental Coal Is On The Cusp Of A Merger That Will Create A South African Coal Company Of Real Substance
By Our Man in Oz

All eyes will be on Continental Coal over the next few days, as the company’s management finalises what it describes as a “significant” acquisition, and a few well-tuned ears already appear to have picked up snippets of information about the deal.

To read the full article please visit:
www.minesite.com/aus.html [The registration is free]

 

[champ2003]

August 03, 2010

Continental Coal Is On The Cusp Of A Merger That Will Create A South African Coal Company Of Real Substance
By Our Man in Oz

All eyes will be on Continental Coal over the next few days, as the company’s management finalises what it describes as a “significant” acquisition, and a few well-tuned ears already appear to have picked up snippets of information about the deal.

To read the full article please visit:
www.minesite.com/aus.html [The registration is free]

What a great company making announcement today. As far as rumours go with a SPP at 5.5 cents well it wouldn't surprise me to see a SPP issued at a much higher price than 5.5 cents otherwise CCC would have already announced the issue price??? I'd say that a SPP will come out at a much higher price at some stage over the next few days???

 

[pixel]

What a great company making announcement today. As far as rumours go with a SPP at 5.5 cents well it wouldn't surprise me to see a SPP issued at a much higher price than 5.5 cents otherwise CCC would have already announced the issue price??? I'd say that a SPP will come out at a much higher price at some stage over the next few days???

I'm quite sure the 5.5c is home and hosed. (see today's announcement page 5 "Share Purchase Plan")
Unfortunately, only holders BEFORE the suspension will benefit from that. Johhny-cum-lately has to be happy with today's crumbs. I won't complain though - got in early, traded a few quick swings, and am now sitting on a nice little parcel for keeps.

 

[Boyou]

Thanks for the Minesite article ,drillinto.

Very gratifying to see this news.The assets now at the companies disposal signifigantly re-rate them and the lift in SP ,finally, reflects the quality.

Bit worried about the number of shares on issue ,once the SPP goes through..talk about luiqidity!
However,I am eligble for some of those at 5.5..and I will grab them.

Happy times........

 

[Call & Put]

Hi everyone,
Work it out everyone? Look at the news and there projected income with 2 billion shares including options and we have a .21 cents a share in my book? I did the maths. Looking to pick some up tomorrow when the 200,000,000 share get released to market and looking for some softness to pick up a million or 2 and ride the wave in for christmas Sounds like plenty more good news to follow with all the news they plan on giving us, as said in there statements last week?

 

[Call & Put]

Thanks for the Minesite article ,drillinto.

Very gratifying to see this news.The assets now at the companies disposal signifigantly re-rate them and the lift in SP ,finally, reflects the quality.

Bit worried about the number of shares on issue ,once the SPP goes through..talk about luiqidity!
However,I am eligble for some of those at 5.5..and I will grab them.

Happy times........

They say you can buy upto $15,000 worth at .055cents but if all 4000 share holders take up there allocation of only $11,000,000, my maths tells me you may only be able to pick up $2750 worth? So don't be disappointed?
The first 200,000,000 shares are due out approx tomorrow and the SPP due in middle of September. So even with all the SPP and funding going on the shares should be worth .21 cents today based on my calculations even taking into account the outstanding options due in 2013.

 

[Joe Blow]

So even with all the SPP and funding going on the shares should be worth .21 cents today based on my calculations even taking into account the outstanding options due in 2013.

Call & Put,

Could you please elaborate on these calculations that you claim value CCC at $0.21c. I'm sure those reading this thread would appreciate further detail.

 

[Boyou]

No doubt the SPP will be well oversubscribed,but,for the short term, it is going to put downward pressure on the SP.

All that excess liquidity has to be soaked up by longer term holders before a steady rise can be seen.At the moment it is a traders paradise

Conti has moved very fast in the last few months.Their acquisitions give them "big player " potential .I, for one, am happy to sit and wait for any rise in price.The value is already there.

 

[eddyeagle]

Have people received their SPP stuff yet in the mail? I am still waiting to receive it...

I reckon CCC will be extremely volatile in the short term, but I am happy to put this one away for the future...

 

[Chargin8]

I heard about this company on a share newsletter I get. It was recommended a few weeks ago at about 6.4c. I see its dropped to 5.8c recently, any reason for the drop?
Its a good buy at this price Im hoping?

 

[skivvy]

Chargin8, I dont see any reason fundamentally speaking why CCC is not a good buy at this level. The recent purchase of coal assets, the increase in the sale of coal and the offtake agreement with EDF and all good reasons to be happy to hold on. CCC have a good management team with alot of experience in South Africa.
My take is, this recent pullback is due to the impacts of the broader market and the fact that small cap stocks get hit hardest in a negative market. Technically, support is around the current price of 5.8c and from where I sit a good a spot as any to grab a position in this company. Like everything else the market sentiment will hold back most stocks and with no positive news flowing into the market the traders lose patience and sell out.

Do your own research and good luck. I currently hold CCC.

 

[malcolml]

[CCC]Continental Coal Limited

I have purchased CCC at 0.055 per share about two month ago, and just last week I increased my holding at the same price through a SPP by the company. The price per share is 0.62 as of today's closing price which is strongly in my favor, apart from that the past price history has also been very satisifying.

If I sell now I will be looking at least 11% growth in just two month, but I am also looking at the mining operation of CCC in next year. Any CCC shareholders or other people who would like to share their opinion?

 

[laurie]

Well lets put it in another way at least the MRRT will not have any effect on the share price and so no Australian Tax which many coal producers in Australia have to bear or should I say shareholders

laurie

 

[springhill]

Well lets put it in another way at least the MRRT will not have any effect on the share price and so no Australian Tax which many coal producers in Australia have to bear or should I say shareholders

laurie

I don't disagree with this at all, i have a NZ based coal interest which has prospered nicely in the last week since Labor forming Govt, IMO no small part due to the MRRT. Am looking hard and fast for coal explorers overseas to capitalise where the opportunity presents.
To be honest theoretically i do like the look of CCC, but has far too many shares on issue for my style of investment.
Best of luck to you laurie

 

[laurie]

I don't disagree with this at all, i have a NZ based coal interest which has prospered nicely in the last week since Labor forming Govt, IMO no small part due to the MRRT. Am looking hard and fast for coal explorers overseas to capitalise where the opportunity presents.
To be honest theoretically i do like the look of CCC, but has far too many shares on issue for my style of investment.
Best of luck to you laurie

Thanks mate yeah totally agree with you CCC investment is like playing Russian Roulette unless of course they do a consolidation when production starts

laurie

 

[ParleVouFrancois]

Laurie or springhill could you please explain as to why a company having more shares is a negative thing "too many shares therefore not my style of investment"?

"Thanks mate yeah totally agree with you CCC investment is like playing Russian Roulette unless of course they do a consolidation when production starts"

If they do a consolidation no net shareholder wealth is created or destroyed? Please explain as to why you think it'll be a better investment after consolidation.

E.g.

CCC now "Russian Roulette"

CCC after a hypothetical consolidation "Not Russian Roulette"

I'm lost as to why you'd think such a thing.

 

[potchip]

The only problem with penny stock price is it prevents some institutions from participating due to their own rules not allowing purchase of shares less than a certain dollar value.

If the current business plan is sustained, CCC is moving towards a mid-cap, which will put it on some institute's radar.

 

[springhill]

Laurie or springhill could you please explain as to why a company having more shares is a negative thing "too many shares therefore not my style of investment"?

"Thanks mate yeah totally agree with you CCC investment is like playing Russian Roulette unless of course they do a consolidation when production starts"

If they do a consolidation no net shareholder wealth is created or destroyed? Please explain as to why you think it'll be a better investment after consolidation.

E.g.

CCC now "Russian Roulette"

CCC after a hypothetical consolidation "Not Russian Roulette"

I'm lost as to why you'd think such a thing.

Hi ParleVouFrancois, i'm not necessarily saying it's a bad thing, i'm just saying high share issued companies do not meet my criteria for an investment.
I'm not against share consolidations, one that i hold has this process in the pipeline and i won't be selling because of it.
Each to their own, that's just how i see it.
I have highlighted my thoughts in the thread below.

https://www.aussiestockforums.com/forums/showthread.php?t=20144&highlight=liquidity

 

[laurie]

ParleVouFrancois

A lot of shares is good for market cap of a company but causes lower share price as there are a lot of shares around...



If they do a consolidation no net shareholder wealth is created or destroyed? Please explain as to why you think it'll be a better investment after consolidation.

because say at .06c and they do a 1:10 and have a billion shares on issue then it becomes 60c and 100M shares then the theory is they become harder to get as most of the top 20 holders will have the most shares so the price should increase when trying to buy

laurie