CCC doesn't need to give anything more away. No more free options, no more allocations or incentives to directors, just hard damn work for their shareholders it is the continual dilution regardless of increasing future holdings/prospects that has slaughtered the SP.
Every single time you allow the likes of OZ and Linq to come on board you can expect the SP to be be hammered back to their buy price whilst they tear the average private investors SP and pockets apart. I reckon the consolidation couldn't be at a worse time, low SP, world markets spooked, along with BEE(even though ours are addressed), sovereign and nationalisation matters still very alive in Africa and now the current US debt situation being nailed by the media.
Now with so many Aussie coal explorers and producers doing well supported deals with China to explore and mine in Mongolia it will make it even harder for CCC.
Traditionally from all the research I have done over the years including being stung in the past, more rather than less, actually suffer a further drop in SP after the consolidation. Of course odd ones have moved forward but it is not the norm.
Not a good move at this point in time IMO.
DYOR and GL
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