paps - not so sure I agree. This is more than a pump and dump going on here - agree traders capitalised on the initial spike and we went over bought. I got in at high 4's and low 5's and grabbed a few in low 7's. The current pullback is healthy, a recoil for the next leg up so to speak.
I bought back in because I believe we are undervalued to our assets. Forget management or any of the other ongoing issues. Snapping up conti assets gives any company a hug foot into SA. Coal companies are trading at all time lows so lots of opportunistic companies out there.
If I was a betting man I see a JV and capital injection with a power company OR outright offer for the company from BEEE/ Investment bank JV. Either way I see ccc trading a few multiples to where it is now. I do NOT see a capital raising!
No advise intended - I have been wrong many times before!
aim, page-12
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