CKA

3.75%

7.7¢ cokal limited

The big tycoon has just arrived!, page-45

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BarrenBuffett

3,962 Posts.

184

15/01/18

21:12

Post #: 30323174
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Originally posted by Michaeljob ↑

Looks to me like one of 2 things happened today, either some holders were tipped off that there is an issue with the offtake and chose to use the info to dump or there was a large shakeout to build fear of the above in effort to squeeze retail for profits.

This is a post from another platform that shows how things appeared to me.

“CKA playing the same game as DRG a few days back?.

Large (wash?) trades to drop SP ~20%

Caps stacked into sell side.

Panic selling absorbed

Caps removed

Props applied...

Underlying FA will define ultimate outcome but that looked very much like a shake”

When the move is completed you’ll likely see the props pulled and the bid stack grow, 2 days later the broker data will show that retail transferred a large part of their holdings to insto’s just as it did for DRG in near the exact same play.

We are just a few days away from completing the binding deal with a large prepayment.

The spot PCI price is around $145, $19 above the $126 that was previously referenced. In addition to this recent PCI coal deals have been going thru above spot pricing with the most recent I found one having been done at a 22% premium to spot....

Profits from this operation should be around $3m/m on today’s PCI price.

It’s little wonder a few underhand tactics might be used to shake the tree

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I agree to this but I'm biased with my holding

Test was on on Thursday and Friday to test supply. It didn't came so perfect opportunity today on the lack of news.

I'm pretty sure the deal is coming. But dyor

CKA Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 7.7¢		Change -0.003(3.75%)		Mkt cap ! $83.07M

Open	High	Low	Value	Volume
8.0¢	8.0¢	7.0¢	$151.4K	2.064M

Buyers (Bids)

No.	Vol.	Price($)
2	34955	7.2¢

Sellers (Offers)

Price($)	Vol.	No.
7.7¢	99999	1

View Market Depth

No.	Vol.	Price($)
1	30000	0.072
1	250000	0.071
1	50000	0.069
2	250000	0.068
3	142000	0.066

Price($)	Vol.	No.
0.077	99999	1
0.083	55000	1
0.085	2083	1
0.087	14207	1
0.090	10000	1

Last trade - 16.10pm 06/09/2024 (20 minute delay)

CKA (ASX) Chart

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