I bought a few today on the belief that post-AGM (tomorrow/next...

I bought a few today on the belief that post-AGM (tomorrow/next week), somewhat of a reversal may eventuate, particularly, given the appearance of a slight decrease in risk aversion in the broader market of late, including today's Chinese data.

Current dil. market cap @ 7.8 is $35m - an extra 10 to 50% plus in the short term, is not impossible. The potential $10m placement within 3 months (with the addition of a possible rights issue/SPP) may be a worrying event to LT holders.

I guess the placement price may well be not far away from current prices. This sector may have been oversold.

CCC's asset base is of note: Net Assets of 27.41 (cents per share) according to their recent Half Yearly. EPS is still low.

Looks fairly cheap IMO, but CCC has clearly disappointed many so far - I guess that's an understatement.