will it happen today, page-35

Another way to value KRL.
Forget about the up to $61M in cash for now

Over 4 billion tonnes of JORCed coal resource / 3.585 billion shares on issue = 1.1 tonnes of coal in the ground for every share on issue.

So today you can buy 1.1 tonnes of inground coal for say 20-22 cents.

The real money is to be made when you dig that coal up and sell it.

KRL have had trouble doing that in the past hence the deteriorating shareprice.

Not anymore...
They now have the 2nd largest by market cap Indonesian coal producer doing that for them.

The instos will work this out when most of them get back from Xmas break and will be all over this in the new year.