Imo this movement is so tiny in the grand scheme of where CCA's...

Imo this movement is so tiny in the grand scheme of where CCA's supposed to be heading.

1 cent movement is just -2 pips, this is about -$2.6m in MV based FY20's outstanding shares. The market cap at the mo is about 32m. I assume long-term holders are hoping to see CCA grow to about mid-cap size give or take $2b (EML's current cap). Assuming no future floats or splits we are talking CCA hitting $7.45. This is a staggering 146 pips away from where we at.

For those really interested in CCA, at any point in time this price point would still be considered smart money range to enter before CCA reaching mainstream.