You just hit on the reason that Cokal is not trading at 10 times current price. It is a difficult country. Up until the death of Peter Lynch the progress was astoundingly fast. Then it fell into deal making mode
Karan and Eddie have put AUD 9 million of their own money into Cokal (that we can see) and I know that they will put all effort into getting company producing. As well they are proven masters of the game in Indonesia.
Ann: Cokal Takes Legal Action, page-17
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