"Falling Coal prices exacerbates COK’s funding requirements in the near term: The recent decline in coal pricing in our view will hurt gross receipts over the next few quarters and may reduce COK’s margins and revenue lines. Given the current uncertainty and additional funding requirements, we expect a large dilutive equity raise over the next six months, which will have a major impact on COK’s share price."
what the hell..that's the most irresponsible broker report I've ever seen.
First of all, said many times, we're safe before the year end, so MGT have time to get the finance sorted. CR is an option but I doubt they'll be able to get sufficient money form anyone;
Second of all,declining coal price, coal price has been shorted heavily but I reckon big palyers will buy it up shortly (oh yes, I am bullish on it)
Third of all, the reason why I am calling it irresponsible as you cannot randomly call a number in your report. if so, I can send this kind of report to everyone and charge like $1000 p.a. $15c is possible, i'm not going to deny it, but it's not due to the ER but the possible crash of the market.
Most importantly, if they say 15c is a short term target, shoud they say a shorter term target of this one should be at 25c-30c first? we are way oversold and about to bounce back first before next downtrend?
Gosh, it will be much easier to make money as broker these days!!
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