Not following. Just noticed CCC constantly coming up on the top posts, and read a bit so thought id add a few cents.
Not down ramping. Just highlighting that the coal quality isnt great and hence is domestic which means margins a low. Until they export higher grades of coal or discover some coking, I cant see it doing much. I think its fully valued here, especially with its debt hanging over its head.
I dont like the debt structure of the company, I feel its holding the stock down. Why couldnt they just get a placement? Och-Ziff didnt hold on for too long either. The other tenements might have something to show once they drill, but for now, until something changes, I cant see it doing much. The stock price speaks for itself. Goodluck to you all though. I rotated out purely on opportunity cost. The company may be okay, but there is better opportunities elsewhere. Not down ramping at all.
GL to all.
CCC Price at posting:
57.0¢ Sentiment: None Disclosure: Not Held