So if you talk positively about CCC you are a ramper with blinkers on.
But if you talk negatively, you are just adding to the discussion.
It is good that everyones views are being heard, discussed and evaluated, but look at the facts don't just play the man.
CCC like all new miners need time to setup, streamline the mines they are inherited and develop their own. For the time I have followed them, they have been open and willing to answer questions promptly from shareholders, have matched targets and look like continuing into the future in the same manner. For a company this size, the management team matches or exceeds most 200-500MC companies with their experience in the industry.
With the current price of $122 at Richards Bay and most analysts suggesting thermal coal to rise to $140 in 2011 at RB. Coupled with the record price here in Australia at the moment hovering between 130-140 even before the new cyclone which has forced mines to close. Talk about thermal coal dropping below $60 is very premature considering the growing demand globally.
CCC Price at posting:
80.0¢ Sentiment: LT Buy Disclosure: Held
