CCC 0.00% 0.1¢ continental coal limited

mashala signed, page-103

  1. 13,575 Posts.
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    I like your attitude Funky.

    Enthusiastic, but restrained, with those high risk fund manipulators behind the scenes.Ive been watching these guys play other stocks and with the amount of churning and bot movement there can be no other explanation for the way these tiddlers trade such high volumes.

    That a great point re the spp takers as they would no doubt trade more EMOTIONALLY and would not have the ability to put buy support in as well.That said,not much has gone through at the lows and VWAPS have tended to be around median for the days trading.I tend to be of the opinion that VWAP is a better indicator on a chart basis for assesssing where a company is heading fundamentally.

    Its because of the above and the attitude that some have towards quicker profits that there will be many who get shaken from this tree.Thats OK if you sit and trade day to day,but there are many out there that have a daily earner they must be at.So if seting a stop/loss one must be careful and set it where you believe a fundamental breakdown may happen and that imo would be somewhere around mid 5s.

    I think the next news that might move CCC could be positive news on the C/notes.If Mihals info is correct re the Asian/Euro keenness on these with them wanting to go double the amount wanted by CCC,then it SHOULD be positive news.Its also a MAJOR block in the overall CCC plans and 25M is a big chunk of the required capital for their project development/Mashala acquisition aims.

    C/notes are asking investors to take on quite a lot of risk and the company MUST virtually prove WITHOUT DOUBT their revenue capabilities.The fact that CCC now has the CASH in the bag to advance their main short term projects is a big factor in C/note takers signing off on these deals and is no doubt why Brewer is just NOW hopefully finalising these notes.

    Once the C/notes are done it could be up and away with the news that CCC believe the Gove red tape is a formality.I see the C/notes convert at 8c too so this MIGHT be a new support level created.Cant see this being required though in the longer term given how quickly these guys are moving to a revenue producing status.

    d.
 
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