CKA 2.56% 8.0¢ cokal limited

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  1. 23,919 Posts.
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    It is a bit of a laugh

    I stopped commenting on the CKA thread at the rather blunt request by some of you, someone with an opposing view appears on the thread, and I get accused of being multi nick - talk about can't win


    You really think I would go to the effort to create another account, simply to preach facts to the collective 13 people that read this thread on a regular basis ? and as if that could possibly influence the SP ?

    Some of you really are in la la land

    If I wanted to downramp the stock, I would have picked that offtake agreement to pieces (which I could), and corrected some of the woeful and misleading FCF's and valuations being thrown around based on fanciful prices ... but I refrained

    Much like I could point out that whilst Dom "guaranteed sales in the December quarter", Cokal really only sold a measly 10Kt, of which they have been paid for just 5Kt ($500k). IMO that is a token sale, a mere exchange of coal for a non-binding LOI, to satisfy his guarantee to shareholders. What would the ramifications have been if no sales after publicly guaranteeing sales ? Ask yourself that and then wonder why the funds still aren't in for the offtake yet

    If you guys want to keep slinging mud, implying I'm a multinick, had a falling out with Martino or any other similar rubbish, I'll stop by more regularly to correct the facts
 
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