Shame the Mr3t post was moderated. Was the most ignorant post I've ever read. It was CCC who set extremely ambitious targets to develop mines in short time frames and raised cash on the back of that plan. It is some investors who do understand business can be difficult who are now questioning if it can be done. Its not impatience.
The focus on the share price was also very much started and encouraged by CCC. They started off giving an NPV, i think via the D and D report of $800m or something. They then said 20cent by xmas, no share split until 50 cents etc. They still talk at conclusion of their presentation, just updated, of the "revaluation expected". I myself, have asked on this forum, with no anwsers forthcoming, why do CCC mgt have to make promises (now broken) of news in the next couple of days. Is the very short term share price really so important? (feel free to offer explanation for this behaviour).
I'm generation X myself, probably far too patient, given I'm still around trying to work out what is really happening here. With the broken promises, omissions and maybe "mistakes" by the company as they have continued to raise money, my father certainly wouldn't still be looking at it and my grandfathter would be reaching for his hunting rifle.
CCC Price at posting:
69.0¢ Sentiment: None Disclosure: Not Held
