Kicking myself I didnt get a few at recent lows as they do seem to have sorted a few of the issues hanging over them. But yet to sort out the major one for me,that being financial credibility.
It certainly seems that with Penumbra now producing and a good hedging deal made at $123/t that they might just have finally kicked a goal to sort some of their rather complex corporate financial structure.
Bit hard to justify such a low market cap now.
Problem being imho this is why the share price is performing having come off a market cap low of around $20M.Still very much low end spec.
Be good to see it push back up strongly for those VERY VERY patient souls that have held thru thick and thin.
d.
CCC Price at posting:
6.5¢ Sentiment: None Disclosure: Not Held