As everyone would be aware CCC has a market cap undiluted of around $50m today prior to trading halt/voluntary suspension. Talk of 100,000pm in production would have to have a major impact on the share price considering the gross profit expected from sales. Even if the profit was $4 million per month or $48million pa that would equate to EPS of approx 4c per share. At 10 times earnings you would see a share price of 40c plus per share.
The company has announced a pending offtake and funding arrangement and at the AGM there was talk of a coal loan and no further dilution of capital. Sounds very positive for the company.
I am betting on a share price of plus 55c over the next 6 months base on further mines coming on line.
Do your own research.
- Forums
- ASX - By Stock
- CCC
- market cap pre announcement
market cap pre announcement
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CCC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online