It??s been a while since I posted, I have and still hold CCC and CCCO shares (have not sold any) for a while now and will probably be a lot longer due to it??s potential, briefly topped up on CCCO so pretty happy ??
However, similar to my past posts, don??t put too much trust on the CCC board. They are shrewd businessmen with no shares in the company that always over-promises and under-delivers. I??m sure there are some good eggs in a bad bunch but just watch out for them. I??m buying for what??s in the ground but they can screw small shareholder??s up in favour of their corporate buddies.
-When you have the time look at their latest cash flow statement, and check out the rate of them burning cash on non-production
-Shares oversubscribed but I have heard they are going to increase the allotment to accommodate sophisticated investors
-Day traders looming and ramping,
I don??t think the SP will hit that much higher, but medium/long term lets hope they can deliver.
GL all
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