CKA 0.00% 9.5¢ cokal limited

All the mining costs announced previously are estimated / guided...

  1. 280 Posts.
    lightbulb Created with Sketch. 122
    All the mining costs announced previously are estimated / guided assumptions. And these assumptions are 2-3 years old atleast. They have no standing in the real word as it stands, where inflation has gone through the roof across everything and especially mining sector.

    Give you a perspective --- Anglo American's coal mining business which they have announced to exit this week had the following cash cost across years ---

    2019: $63/t
    2020: $86/t
    2021: $105/t
    2022: $107/t
    2023: $121/t

    All these costs are excluding royalty & taxes -- in case someone wants to give that excuse.
    Post covid -- cash cost has doubled for Anglo American.

    CKA cost estimates are likely much much much higher than what they have guided for in earlier announcements.

    the fact is that Cokal is not reporting mining costs. Agree they may improve as volumes rise. but what is the cost today?

    the fact is that Cokal is not reporting realised prices. Logistics buildout has no impact on pricing. But even this information is held back. If there is notthing to hide ( big cut for Eddie? Coal quality worse than expected and hence pricing lower than expected??) then why hide??



 
watchlist Created with Sketch. Add CKA (ASX) to my watchlist
(20min delay)
Last
9.5¢
Change
0.000(0.00%)
Mkt cap ! $102.5M
Open High Low Value Volume
9.5¢ 9.7¢ 9.4¢ $45.16K 476.9K

Buyers (Bids)

No. Vol. Price($)
1 7868 9.5¢
 

Sellers (Offers)

Price($) Vol. No.
9.7¢ 97658 1
View Market Depth
Last trade - 16.10pm 05/06/2024 (20 minute delay) ?
Last
9.4¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
9.4¢ 9.7¢ 9.4¢ 109151
Last updated 15.16pm 05/06/2024 ?
CKA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.