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CCC - Continental Coal

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So a few back of the envelope calculations from me:

Current Production -
Vlak: 1.7mtpa @ $5PT = $8.5m pa
Fer: 180ktpa domestic @ $3pt + 450ktpa export @ $20pt = $9.5m pa

Incoming (by 2012) production -
Penum: 500ktpa export @ $30pt = $15m pa
De Witt: 2mtpa domestic @ $5 + 3mtpa export @ $30 = $100m pa



Current MC circa 250m including optionsso trading at PE of 13 based on current production or PE of just 1.8 based on future production.

Disclaimer is these $ figures come from presentaion stating "margins" so i dont know if that is nett or gross margins.

Anything else im missing?
 
Only thing missing is the reason why the market isnt believing this storey ?
And why they need to advertise on tv to try and get noticed ?
 
$110m market cap for a producer seems very cheap ..
They will have cashflow ??!?

Still cant figure this one out ..
 
adobee said:
$110m market cap for a producer seems very cheap ..
They will have cashflow ??!?

Still cant figure this one out ..
Click to expand...

The sums i did showed a MC of around 200 - 250m depending on if you include the options.

WHere did you get 110m from?
 
adobee said:
Straight from my broker research.. not sure if it takes into account the options ?
Click to expand...

And possibly not the new shares issued either. As my broker shows circa 100m also, but according to the companies latest presentation their MC is just above 200m
 
With approx 2.2Billion shares on issue that may be a bit dilutive for some and may well be holding back the sp so IMHO a 5:1 consolidation will move the price up that will bring it back down to approx 400M shares on issue and hopefully .35c per share it did wonders for EXT :2twocents

laurie
 
laurie said:
With approx 2.2Billion shares on issue that may be a bit dilutive for some and may well be holding back the sp so IMHO a 5:1 consolidation will move the price up that will bring it back down to approx 400M shares on issue and hopefully .35c per share it did wonders for EXT :2twocents

laurie
Click to expand...

Hi Laurie,
I may be missing some options. The sums I get from my Fundamental data table are -
1,655,951,767 shares CCC
312,500,006 options CCCO, adding up to
1,968,451,773 total shares after exercise.

Close to your figures, and they should indeed consider a consolidation to lose that "penny dreadful" label. (Unless the directors enjoy that tag :p:)
 
pixel said:
Hi Laurie,
I may be missing some options. The sums I get from my Fundamental data table are -
1,655,951,767 shares CCC
312,500,006 options CCCO, adding up to
1,968,451,773 total shares after exercise.

Close to your figures, and they should indeed consider a consolidation to lose that "penny dreadful" label. (Unless the directors enjoy that tag :p:)
Click to expand...

Near enough I think there is some employees options to be included the point I was trying to make is to have consolidation at some point in time

laurie
 
I think a consolidation would also help. How would it go with CCCO though? Just move the strike price as per the consolidation figures?
 
Just a general question...I don't have much experience with consolidations.
Years back I was on ARH when they did a consolidation and if I remember correctly they went into a trading halt for a couple of months b4 it was all sorted out.
Anyone have any guesses or experiences as to how long this usually takes?
 
kgee said:
Anyone have any guesses or experiences as to how long this usually takes?
Click to expand...

If it is properly planned then it happens without a hitch. Co will notify ASX and holders then on the set date they will trade at consolidated price
 
wow this just isnt getting any traction for a producer... I am really surprised by this, I will buy what I can below 7c... has to be just a matter of time.. coal is becoming super hot at the moment..
 
adobee said:
http://www.edisoninvestmentresearch.co.uk/research

14c val from edison investments...
Would have like a bit of a higher val to get it moving.. but still going backwards...
Click to expand...

I agree Adobe. It is very strange indeed. It's like CCC are trying all that they can to get the price moving. Somebody posted this on another forum, and I wouldn't be surprised if it is by CCC.

http://conticoalers.com/

The Edison report seems to be a little conservative. Let's hope we get an upgrade soon:D
 
UBIQUITOUS said:
I agree Adobe. It is very strange indeed. It's like CCC are trying all that they can to get the price moving. Somebody posted this on another forum, and I wouldn't be surprised if it is by CCC.

http://conticoalers.com/

The Edison report seems to be a little conservative. Let's hope we get an upgrade soon:D
Click to expand...

good reference site and interesting information on the site and in this thread about consolidation.

some times companies split (like FMG) for spread and some times they consolidate like CCC as suggested here. I am confused any way on the impact on the holders.:rolleyes:

disclaimer - a holder
 
i've been on the sidelines with this stock but might put in a spec buy in the lower 6's if it gets that far down. broker recommendation isnt stellar but i'll probably take a punt.
 
Today ended with a common doji...looking over the charts the last 3 months it seems everytime this happens the price goes up the next day.
Surely they're due for a good day:)
 
considering the money they are spending on pumping it .. tv advertisement, broker reports etc.. i think they would be better off if the directors just started buying some shares on market.. it might inspire some confidence as at the moment it appears there is none..
 
adobee said:
considering the money they are spending on pumping it .. tv advertisement, broker reports etc.. i think they would be better off if the directors just started buying some shares on market.. it might inspire some confidence as at the moment it appears there is none..
Click to expand...

Just out:
MININGMAVEN “MINES, CAMERA, ACTION!” VIDEO INTERVIEW RELEASED

meanwhile, the sp slips lower and lower - 6.5c at latest checkpoint :mad:
 

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