As for me, atm I am holding CCC for the following reasons:
1. NTA 27 cents(Current SP is less than a third of its NTA) Whatever the company has any debt, I trust its official figures. 2. Positive cash flow as they said and actual production co This year highly likely maiden net profit result 3. Good management from point of spirit of enterprise 4. Possible good news for Botswana coal analysis/JORC or any development 5. Columbia and possible USA coal tenement acquisition as mentioned on afr before
Negative point: Management team looks like not punctual or hiding something to do something behind curtain.
Percentage lost or gain means nothing in the long term perspective, IMO.
For instance, after inversting $1 million in shares and lost 10% mmeans $100,000 loss. And after investing $100,000 and lost 90% means $90,000 loss. This means we are not to be fooled by percentage.
It looks like stock investing is like marathon running. Eventuual winner will be real winner.
Regards,
CCC Price at posting:
8.7¢ Sentiment: LT Buy Disclosure: Held