So many people whinge about the share price not realising that...

So many people whinge about the share price not realising that it isn't that undervalued after all.

Pretty much sums it up I think.

CCC used to be valued on what was promised, now it's being valued on what's been delivered and there is a huge gap between the two.

DeWitt has been a huge disappointment to me and makes me wonder what more there is to follow. I think CCC has the potential to get back to 50c, maybe even back to 90c eventually (five years or so) but it's going to have to be on the back of a lot of hard work and solid achievements - the days of this stock being valued on blue sky are over IMO.

At least until the market recovers and investors feel more confident taking on spec stocks.

Implicit in this is that CCC is relatively fairly valued now so assuming things don't get any worse it must be straying into buy territory even with the DeWitt issue.