I have witness a trading range with support at 6.5c+
The selling pattern that struck your nerve seems to be controlled by the traders. Relatively low volume with 7c+ continuously broken down to under 6c. However, there has always been a buyer which signals consolidation in my opinion.
Pointless now to speculate about a Capital Raising and going soft over the recent selling. Remember it has always been this pattern over the past weeks. My take is that there is only upside for CCC. 6-6.8c presents a buying opportunity against the odds.
Mining permits, infrastructure, workers and a commodity used predominantly for local coal production with a projected limited availability of coal is a logical indication to an investor that plenty of upside will eventuate for this emerging coal producer.
All the best to all holders
LM
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notice received, trading halt, page-19
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