funding options, page-12

The irony is that if this proposed SK deal had never happened, COK would in all likelihood still be trading around 40c.

Instead, it happened, it fell through, and COK is back exactly where they started yet the price is down to 28c. Efficient markets, eh?

Anyway, yes, now we need a lot of money fairly quickly. Asset sales would be nice but there's not much more to sell. They've been trying to sell Taabinga for a while now but given it's in prime agricultural land with a very hostile local community it's unsurprising interest is lukewarm.

Some of the Surat tenements that are 100% owned they could sell but I can't see them being enough to cover the funding shortfall. The NSW tenements are minority interests anyway.

I think at best asset sales could reduce the burden needed by debt or equity. They probably need to get the bulk of their funding from a similar deal to the SK deal (preferably one that doesn't fall through this time).