I agree with you in theory......but I am not so sure it will stop at .057c.
However, I must say to all the charters who are claiming that it will fall back into the 3 cent range.....NOT ALL CHARTS GAPS CLOSE and this is an entirely different company to when it was in the .03 cent range. If this occurred we've all got this company wrong!
I bought dearly and I am holding! I believe to sell off and try to buy back is doing CCC injustice. Yes there are a lot of shares to be sold and bought with the restructuring but I intend to hold my allocation from the SPP too.
CCC staff and fundamentals are incomparible with the earlier periods under different management.....CCC now has brilliant ex BHP staff at the helm. It is producing now with long term contracts in a period of high demand no matter what the market is doing. Even D&D's bold forecast in the .20cent range is toooo cheap. Compare COK & RIV....and many other coal explorers and producers. Some explorers with lousy CAP are achieving ten times the price of ccc and more, without even producing!
Make your own assumption but ccc in my books is worth well over .10 cents right now!
Then ,much, much, much more!
IMOH DYOR
CCC Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
