The dilution has not worried me , as I joined this party quite late.
When I look at the buy orders at comsec, they are higher than the Sell orders, suggests some pent up demand ?
This company has a few hurdles to go, and may not be de-risked for another 6-9 months. These hurdles are release of $ 37m, mezzanine finance, and approval of mining
The price of Coal is rubbish at the moment, but lots of talk of an up cycle coming after some terrible year
COK will possibly the right share at the right time, if all the ducks line up.
At the moment it is still a bit of a punt, but it has a lot in its favour
I continue to accumulate at these low process.
COK Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
