CCC 0.00% 0.1¢ continental coal limited

There's always risk, but it is close to impossible to accurately...

  1. 119 Posts.
    There's always risk, but it is close to impossible to accurately factor in the vagaries of Human Nature and Mother Nature into investing in the stock market.

    Natural disasters or political upheaval can derail the most ambitious plans, but these are, by their very nature, unpredictable.

    Yes CCC are in South Africa, and there have been views expressed about possible causes of future instability, but current conditions are stable, and present indications are that they will stay so.

    CCC are not some hopeful explorer trying to entice and excite the market based only on potential. They are producing and selling coal, and are also pursuing an ambitious, but achievable, growth strategy.

    Many hurdles yet to get over, for sure, but there's no doubt that having Don Turvey at the helm improves the chance of getting over these.

    Whether you get rich or not will mostly depend upon your time frame (and your definition of rich!).

    If you want out in the next 3-6 months you might do OK. Share price should bounce as we get more details about projects like Penumbra, and hopefully see some positive financial reports, but the up and down pattern across a relatively narrow range will probably continue for a while yet.

    If you can wait 12 months or so you could do very well as Penumbra is due to be producing, existing mines will continue to contribute, and we will have solid information on Botswana. Hard to see how the SP could not double in this time frame.

    If you can wait 3+ years, and all the pieces fall into place as planned, you'll be able to retire to Aruba. By then I guarantee no one will believe you bought these for 6c in 2011.

 
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Currently unlisted public company.

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