I agree the placement documents lacked quite a number of market based price provisions capping the post and pre placement activity and shareholding actions thereby associated it seems - very sloppy work- nevertheless it all in the past - recent activity it seems is other party/ies- and why not ...this stock looks very low now we are aware of how and why it got so obviously suppressed for the last few months ( at least we now have transparency) - accordingly we should see a return to re rate to more realistic levels more reflective of p/e's based on forward and current p/ls and asset valuations.The market will be reluctant to raise the price by more than 2 - 5% on any day as usual but the momentum will likely build as the re rate becomes more consistently obvious - traders will be less likely to look for the small change and hold for longer period s therby tying up more stock overall-PS .remember.. Botswana still seems to be priced in the market at nil ..even at 10-20c per tonne of non producing but potential resource value a large resource base ( lets say 1 bill t/ contingent ) could well exceed the current market capitalisation - which seems worth dwelling on
CCC Price at posting:
29.0¢ Sentiment: LT Buy Disclosure: Held