While I know what you mean, I dont take that to be positive or negative.
For a F/A, its all about forgetting the noise.
Number of Posters on HC CCC is irrelevant A 'fan' website is irrelevant The short term movements of the SP is irrelevant The number of Shareholders is irrelevant The number of shares on issue is irrelevant
What MATTERS is the quality of the INTRINSIC BUSINESS. Namely- CAN CCC GET COAL EXPLORATION ZONES AND CREATE PROFITABLE PRODUCING MINES. At the moment continental coal has proven they can get mines into production (one through intrinstic production, one through bargain priced acquisition).
It has also proven it can access unique funding with big players ( KORES and EDF).
It has proven it can cap raise if need be in BIG NUMBERS (hopefully wont need to again at this level though!)
According to the OPLC report, we are days/weeks away from finalising a deal with ABSA capital regarding more traditional funding. Hopefully this comes to fruition as imo this is one of the main sticking points we have left;
Can we access run of the mill debt funding?
I understand that some people trade. Thats cool, CCC is a good trading share. On the other side, I have enough confidence in CCC to have put half my portfolio into this at 5.6 on heads /3.6 on the options. You might have made a couple of nice little gains, I've seen my net worth increase 20% in the past 6 months purely from what CCC has done. Some people would call it a 'risky' strategy. I mitigate risk by only investing in 'no-brainer' companies.
As soon as the Mashala deal was finalised, this became a no-brainer.
CCC Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held
