RE:RE:RE:RE:RE:RE:Greenville elections Well Scum, you're working very hard to point out everything you can about why CCB won't be successful - something anyone can do with any stock on the venture. It's hard to argue with someone who has the perspective of having been a member, under your Scum name anyway, for what, 24 hours? I may have been mistaken about not looking for graphite, that was a moribund graphite stock called ZEN. But you ignore the fundamentals I was 'pumping': best graphite (nuclear power quality, minimal processing), small mine, environmentally safe and just waiting for approval. For somone who is clearly an expert, it's odd that you're so confused about there "suddenly" being a marble mine. If your world class graphite formed in world class marble, do you throw the marble out? Or do you sell it at the high price it commands and use that money to fund the exponentially more valuable graphite mine? Seems logical to me. If you did what you say you did then you made money and are a smart trader. What seems to be the problem? If you don't like CCB, then don't buy back in. As for me, I'm going to wait for CPTAQ approval and see what happens - I suspect I'll do alright.
ScumCap52 wrote:
thadeush wrote: Thanks for the tip of doing DD - I'll try it out sometime. Some CEOs are regularly successful. Some just get lucky sometimes. But you have to be prepared for luck - CCB wasn't looking for graphite, but when they found it Bruce knew what to do. They established that they had the best graphite in the world and they took a modest approach that, barring a meteor, pretty much is a guarantee of success.
I was simply restating the reasons anyone is in CCB. Anyone who sold is no doubt happy. The approval process is taking an agonizingly long time and getting back in now would be a dream come true. Many have positions too large to trade, but a smart trader would have gotten out, traded a few other plays and now be looking at getting back in. CPTAQ approval is the material change everyone is waiting (and waiting and waiting) for, not the Grenville elections. When the mine approval comes through, all the waiting will have been worthwhile.
thadeush: Who told you CCB wasn't looking for graphite? CCB purchased the Miller property and it was well known that the property mined graphite more than 100 years ago and he property sat abandoned for 100 years. They even left stock piles of mined graphite which CCB initially tested for purity. The CEO has a history of exploring properties that were previously explored and abandoned by other companies. It looks to me like you haven't done much DD and if you did it wasn't to the level that I did on Miller.
Yeah Bruce knew what to do but then suddenly Miller became a marble quarry. That was not part of the original plan according to News Releases from the company prior to the move to marble. The shareholders got a surprise. Fortunately, I was not a shareholder then. The SP has been trending down ever since CCB morphed into a marble quarry company.
"pretty much is a guarantee of success." HAHAHAHA, spoken like an amateur. In the junior resource sector there are no guarantees. Fewer than 1 in 1000 companies are successful. The CEO's most recent failure was BRU aka Bolero Resources. They found Rare Earth Elements and annonunced assay results that showed very high grades. The NR called them unprecedented. The stock soared from pennies to $3.00. The problem was that there wasn't enough to mine profitably and BRU's stock dropped from $3.00 back to a few cents a share. The name was changed from BRU to CCB followed by a share consolidation (I recall it was around 7:1) and a PP. That's what you find with proper DD. I feel sorry for investors who believed the CCB story and paid too much for their shares. The SH bullboard pumpers also told a load of BS that fooled many investors. The_Chief was especially guilty.
"Many have positions too large to trade, but a smart trader would have gotten out, traded a few other plays and now be looking at getting back in. " I owned CCB a long time ago and I would never get back in now. I never bought too many shares and only bought them for a short term trade. The SP might rise again but I stand by my conclusion based upon my DD that Miller will never become a profitable property and the SP is well past it's best before date. This is only my opinion of course but most of my previous predictions about CCB have come true.
Good Luck if you decide to hold it and wait for a turnaround.