just what i have heard.....May have been said before on these boards but i have just come back from o/s......All IMO of course. Firstly i will not give timelines as i keep missing the dart board but here goes.....
The bad...
BMA have stopped current negotiations/payments with Cokal management. I will not speculate why. May come on board later but right here right now not part of talks. (nothing to do with quality of coal).
The Good. At this stage Aahana not interested in takeover just yet. They will finance production. Finance package is complete/agreed im hearing and is top shelf.
Now the tricky part. i have been told financial package cannot be released to market just yet "due to ASX rules". i dont exactly know what rules. I will re read notices again as i have just come back from overseas.....again all in my humble opinion....
Also manangement can control conversion of options so ahanna cannot surpass the 20%. again IMO. i need to do more reading.....
Thokana
CKA Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held
