Lets let the market catch up with whats happened to date;-)
Its not often you see a stock make advances faster than the market can keep up with and imo we may just see more supported gapping up just like we did at 5.4c due to the pace CCC is working at and the fact that the market has lagged in its appreciation of CCC.
I think its now important,as others have said recently,that we see what the market ACTUALLY thinks about all this production,acquisition and expansion from CCC.
Whats probably important to consider is that there are instos/brokers/funds that would now have the acquisition/expansion info that we have only just become privy to in the last few days and they have had that a little nit longer than us,so they will have put their own valuations on CCC and no doubt will be out to buy at those valuations next week.
For me the big interest factor will be just HOW MANY come out to play.If CCC have done their job Id be surprised if the coming weeks volumes after the raising of the suspension dont,at the very least,match last weeks.And to be quite honest Id be surprised if it didnt exceed it.
But we'll see.As you well know the market can be a funny thing.
Sorry I cant be more specific Newminer but,like many others here,I am finding it hard to put DT's expansion plans into context at this stage until we see the acquisition annmt and what knock-on effect it has for the current suite of projects as well as the overall addition to CCC's in-ground resources amd whether this has the capability to be an organised/efficient operation.
If these projects end up all over the shop with logistics/management costing a bomb then it may end up being a negative for CCC.
One shouldnt always assume just because they are buying everything under the Witbank/Ermelo sun that they will be an EFFICIENT monster!
d.
CCC Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held
