I'm only a small investor in CCC from a distant shore and not really in the loop. The bigger shareholders should stop this action and put the company into administration, it seems to me to be the only way for shareholders to rescue something.
CCC goes from bad to worse when really with the resources available, the huge possibilities in Botswana and the global demand for coal CCC should have been a licence to print money.
Makes you wonder what happened to the 10 million US$ they received from the Vanmag sale, should have been used to secure the financial security of the company instead of being thrown away on 10% of a relatively small resource.
Seems like the bad guys are back to see what they can strip out of it.
CCC Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held