Hi UFC - to me your post # 9623230 started off on the right track re unhappiness with how the company was being run, no permit for De Witts, debt & dilution issues etc.
Somehow you seemed to get sidetracked by negative comments & shorters yet as as a LT holder of this stock surely that can't be a surprise anymore. Remember this penny stock once had 10k retail investors many of who got caught out.
Given that the longest serving director of this company is the only director not based in SA what kind of change are you looking for? As you seem to be happy with most of the SA based directors and James Leahy has recently resigned.
If SIOC-cdt holds 26% of SA assets, VMR proposes to soon hold 19% and a JSE listing is on the cards and the minority ASX investors have already been tidied up and many of the current large holders currently have no one to sell too thus limiting the trading volumes then how can things turnaround from here?
I think you nailed it initially - debt, dilution & delays have hurt this stock over the last few years.
I'm all for being positive and good on you for wanting and/or initiating change but is this a case of too little too late? At this stage of the game what could possibly get CCC to recover from here?
(btw - I also remember it was claimed by JB that the security of Pen was/could be based on the cashflow of the mine life and that it didn't have to be based on assets/NTA).
CCC Price at posting:
3.6¢ Sentiment: None Disclosure: Held
