RE:RE:RE:RE:Congrats to All CCC ShareholdersBut there are a few unknowns still. Will CCC be able to increase the size of the deposit? What if it doubles in size? What if the price of vanadium goes up to $20 or $30 or $40/lb? It has been higher in the past than the current price, check a chart back to 2008.
The other thing, sometimes when there is a frenzy in a stock it can overshoot it's fair value, I could see that happening here if they are increasing the deposit size and if the vanadium market stays strong.
One thing for sure, it is worth more than it closed at today, and more profit takers are out. To some it makes sense to sell part of their position especially if they got in much lower, and ride the free shares or diversify into another stock they like. Today shares moved from weaker hands (that bought at lower prices looking for a good exit price for some of their shares) into stronger hands that will be more likely to hold for higher prices.