Dave you can tell him that CCC's price change has been positive in the short-term over 5 days, medium-term over 3 months and over the period of 1 year.
Yesterday the stock traded between an intraday low of 7.3cents and fifteen-day high of 7.8c cents The price range has expanded in the last two days which accompanied by yesterdays price rise is a bullish signal.
You can tell your friend at vectorvest that a price rise on high volatility is a bullish signal for CCC.
You could also start by sharing with him that this statement is inaccurate: " has little upside potential expected over the next 1-3 years"
The company is forecast to produce up to 2.0 Mtpa by the end of 2012 and has 1.8Mtpa worth of rail allocations and will soon secure port allocations for its other projects. And has an off take and loan agreement with EDF Trading of which you most likely know, so why would you worry about the garbage that vector vest has published?
The above is something that his Vectorvest charts and valuations don't obviously consider in their inaccurate projections of which they base their forecasting?
His Vector charts don't take into consideration that thermal coal prices will continue to improve over the next several years which will maximise CCC's profits.
His vector charts don't take into consideration that the company has been valued conservatively at A$315 million at 12 cents per share based only on Vlakvarkfontein (that's a mouthfull)Ferreira and the Penumbra operations.
Please tell him that most of us here think that vectorvest has failed to reach its velocity and is completely of its vector by both magnitude and direction.
CCC Price at posting:
72.0¢ Sentiment: None Disclosure: Held
