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7.9¢ cokal limited

16 days to go, page-108

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Kepo

1,459 Posts.

42

15/06/17

14:17

Post #: 25295196
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Originally posted by BarrenBuffett ↑

Well the problem now is that unless we have the capital raising to a significant player with deep pockets - the SP is going to be in limbo. Unless we have a buyer with equally deep pocket as the seller who is able to absorb this supply the SP wont rise too much.

It wont matter if we have valmin, npv and reserve statements coming out with tremendous upside because the main buyers are aware there is capping going on and cheaper stocks would be available if they just wait.

IMHO - this capping is performed by a existing major shareholder with an intention of accepting a coming bid (in which they are a party on in some distinct way) - again conjecture only. The share supply is quite vast and they are not in the mood for this to fly to 5-6c.

I think the management should get the Capital raised asap to provide working capital and we can see the SP appreciating from there.

Could be entirely wrong here too lol

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Youre sounding like me...

So again...who wants to jump in first and clean up that 4c line to continue the supposed breakout?

I dont.

We dont need talking here..need action..and that means buying..

Dyor.

Capital raise is coming and we dont know what the price is...

CKA Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.9¢		Change -0.001(0.63%)		Mkt cap ! $84.69M

Open	High	Low	Value	Volume
7.9¢	7.9¢	7.7¢	$16.36K	210.9K

Buyers (Bids)

No.	Vol.	Price($)
2	46753	7.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	238455	1

View Market Depth

No.	Vol.	Price($)
2	46753	0.077
1	9236	0.076
2	267000	0.071
2	147700	0.070
2	115384	0.065

Price($)	Vol.	No.
0.081	112804	1
0.082	100000	1
0.084	394999	2
0.085	102083	2
0.089	40750	1

Last trade - 15.41pm 07/10/2024 (20 minute delay)

CKA (ASX) Chart