Thank you very much for your very nice chart.
My average entry price is very low(around 10.5 cnets)and recently entered not like early entrants.
Even company hedged at $124/ton, earning forecast is just over brekeven or so for a while from company's brokers report.
And I also found problem for company is that current production site resouce/reserve is too low and mine life is not long and dispersed here and there, which means development cost start again and again. DE might bigger and longer mine life if developed.
So far I could call CCC is minor or reginal league coal mining company but my main focus is Botswana tenaments.
It looks like commercial quality and very big size.
Between at leat 2.2 billion to 6.6 billion tons, IMO.
It looks like company has all information and data already but waiting for right time or to do something before announcement, IMO again.
If Botswana coal asset added formally its fundmenta/intrinsic value will be enormous. To be developed or to be sold, it is very big one. In this case I could say CCC is world major coal player. So called major league company.
And about CEO Don Turvey, they said tiger cub is also tiger. I do not know his personality/character, but his caree/background experience is one of very best in coal mining. Usually mid-tier companies destiny is heaily dependent on CEO's vision, experience or knowhow or so.
It looks like he is very able businesman with full of spirit of enterprize.
I was very a frequent stock trader with T/O just over 10 million in 10/11 and paid more than $50,000 for brokerage.
But I found it was very hard to make money even paid enormous attention and efforts. Victimized by bot trading, world rattling economy especially US and Europe an so on.
Recently, I have been changing my stock investing/trading strategy from short term frequent trading to medium to long term investment perspective with future promising companies stock holding. Thus I am changing myself from opportunistic speculative stock trader to stock investor owing partial company share. Literally company shareholder.
I have planted very many various young fruit trees in my newly built house garden 2 or 3 years ago. Nowdays, they are bloosoming and bear fruits even few has died.
Like planting in my garden, I decided to plant trees so called 'stock' in my life for at least medium to long term view for a very good looking and future fruit.
In this regard, I am accumulating some very young promising relatively cheap companies shares such as CCC with sizable quantities like at least more than half million or one million. Like planted young trees, some could die but mojority will survive and prosper, IMO.
Regards,
Thank you very much for your very nice chart.My average entry...
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