Septa is right on the money. In fact, anyone actively involved...

Septa is right on the money.

In fact, anyone actively involved in CCC should go right back and read that Septa post over again, several times.

There is no upside from current management, and there never will be. Nor do management have an interest in a takeover. Rather, they will take any day of the week, a continuation of the status quo whereby they simply accrue a nice salary and skim whatever else comes off via associated companies.

I made an expensive mistake of investing in this company (around 75k loss) but what I've learnt will hopefully make that back 5x over the long run in other better selected companies. Yes, it's true, the hard way is always the best way to learn.

OK, let's move away from emotion. Where to from here ? What is the company actually earning, how much do they actually own, and what approximately are the cashflows coming and cashflows coming out of this company. This is what they are masking, and what they have successfully masked for their own benefit over the past three years. The answer is, no one really knows.

DYOR, read the last quarterly, read the last annual. Prima facie it looks good. Producer, more production on the way, offtake agreements etc. But then dig into the cashflows and balance sheet. Where does the money go, why does the debt not come down. Why are the promised allocations of cashflows not adhered to, and why are the empty promises never fulfilled ?

It's simply down to how the company is run. It's not a bad company and certainly an ongoing concern, but just down to how it's run. Anyone who has been in CCC for more than 6 months can testify to this.

Anyway, enough from me....I've got enough of a head of steam here to start entering defamation territory, (although i certainly don't consider it defamation), so those with a brain who read this will understand where I am coming from. Those who don't, well good luck to you, I really hope it works out for you in CCC.

Sincerely,

J711