Unitedforchange, if your really want to make some change, you will need to start by understanding the story and that will require a bit of critical analysis, not just becoming mates with the management.
As an example, I see you mention NTA a few times. That number is very misleading. It uses the consolidated accounts as its base, in the case of BCC, that inflates the asset backing. Also. The number give given by CCC is just wrong! Glancing at the Dec accounts, there are net assets of $60m, but $83m of that is exploration is which is intangible. So net tangible asset backing is clearly negative. Then there's another $74m of capitalised development, of course that is also an intangible assets under account rules. Plant and equipment which is what most of us would think of as tangible is only $14m.
You need to look behind the numbers used to present the business by management. Not doing that has lost people a lot of money.
CCC Price at posting:
3.6¢ Sentiment: Sell Disclosure: Not Held
