Ann: Quarterly Activities and Cashflow Report, page-29

something good I hope.
Stay tuned.
Can’t give financial advice obv with HC rules, so I am not able to strongly recommend buying.
Maybe follow the crumbs...
Tenders in and in process to choose mining contractors..
All planning in progress for when road construction ready to start ??
I suppose at some point soon money has to come to pay for employees, permits and infrastructure costs?
Will it be Debt financing or offtakes instead of the alternative?
Maybe something left field that no one saw coming??
ooh that could be it???
Maybe a lot more?

think about these statements and then question it carefully:

- CKA has $9.2millUSD Debt, $1.18mill AUD in bank
- a deadline to convert debt to royalty by mining for three months at 8,500t/month inclusive of April, May, & June.
- It is end of April and no announcement about mining commencing.
- One must assume the debt stands the as conditions
cannot be met now to convert the remainder to a royalty.

Now the question:

- How on earth can a company with $13.4mill AUD debt and $1.18mill AUD in cash with no obvious finance available, have a MC of $40mill? Should it not be $10mill or less?

The market always seems to know something. And I think that something could be some sort of diamond in the rough that is causing stronger buying than selling strength.

IMO