CKA 1.15% 8.6¢ cokal limited

Ann: Quarterly Activities Report, page-122

  1. 12,049 Posts.
    lightbulb Created with Sketch. 1466
    IMO, (LOL), what is going on is that Cokal is holding up the deal because of greed from Aahana and BMA.
    A well informed person close to the project said to me " the local companies are pushing for too large a slice of BBM profits"
    So what we need to understand is that TBAR and BBP are far more valuable than BBM.
    So a extremely bad deal for BBM puts us about 12 cents (IMO)
    A bad deal 15 cents
    A reasonable deal 20+cents
    From our current suppressed price even a very bad deal is a good deal.
    Essential to get mining and developing the basin.
 
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