For over a year now every blip up in the price is followed by an...

For over a year now every blip up in the price is followed by an ongoing downtrend. There is nothing on offer to suggest this is going to change. The history of this company's management along with the market driven downward trend tells the true story.
I am no chartist but the daily, weekly and monthly all show the same thing so it does not look great.
Fundementally it is all wrong with too much debt being carried and not enough income while coal prices remain where they are.

I would like to be more positive and encouraged by the latest announcements but until the price of coal recovers significantly we cannot really expect the downtrend to reverse. More income used to reduce debt is really the only way.More income requires higher prices and less cost or sell more at lower prices and still reduce cost. The market determines the price of coal and management drive cost but they have demonstrated an extremely careless approach to this aspect of the business.
The real question is......does CCC have enough time left to survive underwater until prices improve enough.