CCC 0.00% 0.1¢ continental coal limited

how can a $175m market cap be justified?, page-49

  1. 1,137 Posts.
    So, Andrew..would Buffet have said hold on to a stock that you bought at .092,.082,.075,.062 and hold until it drops a massive 40% from.092 down to .055/.056..........I don't think so. No serious money making investor I know of would ever hold with such serious losses.

    Do you think Murdoch, Packer or any of our other entrepreneurs would sit back and watch a loss of 40% or would they wait and buy at it's cheapest.....If it had something they were interested in?

    Why are we here.......because of hype and the misguided belief that has been impregnated into our minds that it was the biggest thing on the ASX, that it was huge and going to be a roller coaster. The only thing that's been huge for investors that have held (including myself) are the losses and the possibility of even further dilution of an already overly diluted company.
 
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