COK 0.00% 0.0¢ cockatoo coal limited

7.5c is the bottom!, page-23

  1. 30 Posts.

    It is in today's AFR (I saw it online, I subscribe).

    Basically,
    $100 million loan payable by June 28 to Koreans.
    $55 million loan payable by December 31 to MacBank.

    All this on cash reserves of $12.6m.

    Question is: how best to raise the funds.

    From memory market cap is $70 million. So basicaly all shareholders on averaqge have to stump double their holding to meet debts due, or looking for a buyer for part or all of business.
 
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