Is it a dud because we have 2 coal mines already in production?
Is it a dud because we have Ex-BHP employees on board?
Is it a dud because we have blue-sky potential at Botswana?
Is it a dud because we are ramping up to 8MTpa in 2013 (more than 4 times current production)?
Is it a dud because we can make $40+ profit margins on export coal sales?
Is it a dud because the thermal coal sector is long term bullish?
Oh forgive me, you mustn't be the fundamentals type...do you consider CCC a dud because the share price is trending against the growth in value of the business? Because anyone who thinks this way and considers a company's worth purely on share price performance has no hope when it comes to long term investing.
The only problem that I have with CCC, that management can help, is the quality of the share register. Having ~4B shares fully diluted isn't stopping FMG, BHP etc trending upwards. What we need is some sophisticated backing. Get that and the market will be more than happy to pay 10c+ in my opinion.
CCC Price at posting:
70.0¢ Sentiment: LT Buy Disclosure: Held