i hate fundamental dribble!, page-12

To be honest the worst of the 'fundamental drivel' I saw over the last year or two came not from love-heart posters but from management.

Stuff like, how VanMag will be done by August, how DeWitt will cost $40M capex (or whatever it was - much less than $200M at any rate), how DeWitt and Pen will be operational by end-2011 and will give us 7Mtpa production by end 2012, how we're just waiting for AIM listing and then the SP will run because UK investors are super-sophisticated and recognise quality, not like the luddite ignoramus Australian investors who wouldn't know a quality stock if it was waved in their faces.

CCC was probably worth what DmansDad paid for it if all those promises had been kept. But management vastly under-delivered and CCC is now probably pretty fairly valued for what it's actually achieving.