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Gold/Mining/Energy : CCB vs ZEN truth board -- Ignore unavailable to you. Want to Upgrade?


To: Luvin_It who wrote (527)12/17/2015 11:25:24 AM
From: helo4Read Replies (2) | Respond to of 12350
 
...Where do you see it(CCB) going from here?

Lets see what others have to say about CCB.....

Author’s reply » Vein graphite is going to be a more difficult market than these companies say it is going to be because it is so small and will require its own processing. Meanwhile Miller is an early stage project. So given these two factors I see at least 5 years to project development We need to see a resource estimate and lots of metallurgical work. They're doing something with marble now, which could mean they are giving up on graphite Maybe this isn't a bad way to go--the market seems to like it. I have no clue so I'm staying away.

In response to what the author had said, a contributor had this to say....

Valid points. This stock is full of red flags, I don't understand why it is holding up so well on high volume, must be a lot of paid promotion going on behind the scenes. Not a single assay reported with assays pending for over a year now, they had to retract statements on economics while they don't have anything like a resource even. Management has no clue about exploring graphite and exists of exactly 2 persons without a geologist, I could go on and on. Zenyatta economics aren't good, but Canada Carbon doesn't even have a clue about direction of those "veins". It is talking about graphene as well which is nonsense at this stage.



seekingalpha.com



To: Luvin_It who wrote (527)12/17/2015 1:51:26 PM
From: RuddyMongooseRead Replies (2) | Respond to of 12350
 
Luvin_It, helo4 made some good points in his reply to my post that supports my belief that CCB is overvalued at the current price.
siliconinvestor.com

Notice that this pull-back is twice as large percentage-wise as the one after the last rally on November 25 & 25 when the volume spiked to 1.6 million two days in a row. The volume on the current 2 day run was only 25% of the daily volumes back in November 25 & 26.

So what does that tell us? The chart is saying the near term trend is down. I'm sure "they" will fight the pullback to keep the sheep from a panicking but the fact is that retail investors are not rushing to buy CCB so sentiment has changed and CCB is heading lower. Once again "they" couldn't ignite the buying frenzy fire. All they got was smoke.

If CCB gets the ASTM nod, I'd expect another price pop but I also expect it to fade quickly just like the last two runs have done. The red flags are still flying over CCB and investors are rightfully wary. At a minimum, CCB needs to prove up their graphite resource. At this point it looks like CCB will become a "full marble" company long before it becomes a graphite mine.