as long as we dont need to raise money at these prices it doesnt matter if this has been the bottom or if we drop one more time.
If we need to raise a big chunk of money (unlikely) at 3.6 god have mercy on our soul.
Hopefully the financing and BEE deal come through for us.
The quickest way to turn a company that is 'undervalued' into a fundamentally bad company is raise money at a price that severely discounts the value, thus destroying ownership of current share holders for a pittance.
CCC seem to be aware of this and by the sounds of it are doing all they can to rectify the situation. We'll know one way or the other in the next few weeks as the details of finance etc. will have to come out around the time of the meeting. We'll see once and for all, are CCC all fluff or are they aggressive businessmen with a sound strategy for mine development.
I think the second is correct but until we see proof we cant say for sure
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