Good fro you Gutsie in making double- yet the rest of us do not care... it personally puts me off a stock to here others have already multi bagged this baby.
I have just entered the read today yet I am unconcerned. As it is a very high growth Coal Coy. Forward earnings valuation investors will come aboard in 2011.
I believe in the statement that undervalued Coy's you should not look at daily movements... unless you a daytrader.
Make you valuation- in this case mine is 25c having a forward earnings value of 1c early 2012. Growing quickly to 2c... so PE=25 of forward earning on large growth Coy is adquate. Discount according to how Coal as a commodity is doing. Coal is very high so my valuation stands. Late 2011 should see us entering toward this value IMO, if not around this value depending on progress.
Cheers JAY
CCC Price at posting:
66.0¢ Sentiment: LT Buy Disclosure: Held
