CCC continental coal limited

gap closed @ 20.5c - eye the weekly ;)

  1. 326 Posts.

    Hairy, scotch is on...

    SIOC funds were clearly factored into the SP by the market already.

    With a larger retail based stock unfortunately CCC is a trading stock, so expect volatility, false moves etc...

    The REAL key today was the close of that gap on the daily @ 20.5c and the rebound from it to close 21.5c. Been warning about it for over 2 weeks.

    The weekly is set, STOCH to touch at the close of this week.

    I really want a strong move tomorrow back to 23.5c ready for next week.

    The announcements that will move this stock is Botswana JORC, Penumbra start up and De Witts activity to some extent.

    Botswana JORC is the one to re-evaluate this stock. Penumbra will over time as they prove profitability.

    Break 20.5c, back to the teens and long long long road.

    The hard part here is to see who is actually controlling this SP to see where their interests lay.

    But, at some point, SOCIUS will want to see the oppies strike price.

    We need some bigger institutions to mop up loose stock, it is up to CCC management to beat their drum. After all, they have some quality products and a very bright future.

    Good luck all, well done to those buying today.
 
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