One definitely gets a FEELING of building momentum here Forro.
Wasnt it mentioned in question time that much of this second tranche went to RenCap O/S?
Im hoping that this second tranche is predominantly retained by the Euro punters for the likely AIM listing.
This would make sense given this part of the placement probably involved those who wanted shares NOW instead of the credit notes that were to be issued.
If this is the case and much of this second issue is in tighter hands and we get some typical post news volume next week we MIGHT finally see some sp movement rather than the sideways overhang as of late.
Still its impressed me how the sp has held up with it only touching bellow 7c a couple of times since the last trading halt/suspension and these issues at 6.4c.
Yet to see what pans out next week and Funk still had some good charting arguement to suggest it MIGHT still dip down to below 7c again.
Short term no longer an issue as far as Im concerned.The market should really start to worry about what they are going to put(market cap-wise) on CCC for future reference!
d.
CCC Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
