No dilution....5 Jul 2013 10:27
With apologies to the heed:
"the heed 5 Jul'13 - 08:43 - 3659 of 3661 0 0
See response from Jason this morning..
"We are listing there to attract further on market buying and to address the fact that many South African investors do not have the capacity to buy shares in CCC given the foreign exchange restrictions.
Not being sly and as you've seen with our AIM listign whichwas done in 2011 - we have not raised capital there at any point in time over the past 2 years.
The performance of JSE listed coal stocks like Wescoal, which supplies the domestic/Eskom market, is an indication as to what may be achievable.
As it stands we have investors here and in the UK that discount CCC because of its South African exposure, investors in South Africa will not do that to us.
Hope this assists
Jason ""