Ann: Update on Coal Off-Take Finance LOI, page-64

@JacobDee

Do you know you can still think a company is performing woefully, but also consider it to still be undervalued at the same time ?

That is pretty much how I would sum up CKA for all the years I held, performed woefully but has almost unlimited potential should they ever get it right. Doesn't mean you should excuse management and constantly make excuses for them

Remember, CKA had everyone thinking first sales were going to be in Aug/Sep. Then it was guaranteed sales in the December quarter, to date, they have shipped just a token 10kt

Is the PCI complete as they said it would be ? Is the road and port complete ?

From when the receive the first tranche of funds, how long will PCI take to complete and when will first circa 50kt shipment be ?

The only thing that has happened between Aug/Sep ... they issued a con note to Magna, saw the price get absolutely destroyed from 8c to 3c, realised it was a bad idea and cancelled the remainder of the note. Other than that, they have sold just 10kt of coal and have a non binding LOI/offtake - that's it

IMO people afford Martino too much leniency for his missed promises and constant lip service