Even though CCC has had a tumble down in price, it was steady and the floor didn't drop beneath them like the latest pump and dump on HC of FMJ, down 36% off todays high at close, if CCC fell 9c to 6c in a day we would be more worried.
The fall matched what funky/5shareholder have shown in their charts, the exception was the half yearly based on old figures which people misinterpreted coupled with errors on behalf of the writer.
What is happening is the age old problem of being asset rich, but cash flow poor. Once we get quarterly of 2 mines, things will look better, until PEN and more importantly DeWitt comes online the sharepice wont go like a rocket.
Having 7Mtpa production inside the next 12 months will allow for the 12Mtpa and Botswana, Kenya, BHP or whatever the latest buy is to be more secure and more us to trust that things are going to plan.
Todays world everyone wants all their shares to double overnight and stay there. Patience will be rewarded, reminds me of the wait people had with PDN in the old days.
CCC Price at posting:
70.0¢ Sentiment: LT Buy Disclosure: Held
