CKA 4.40% 8.7¢ cokal limited

Options repriced to 13c! Read the Quarterly, page-32

  1. 12,098 Posts.
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    nabinpaudel,
    Virtually zero. Just a waiting game and reacting when some official has a bright idea for a new condition. The conditions that have to be met include:
    pegging and verification of boundary of the boundary: I understand this is done and accepted.
    Environmental conditions like proving that rehabilitation will be done to disturbed areas: I understand this has been done.
    There used to be a condition that an equivalent area of the disturbed area would be rehabilitated in the same province/state. Central Kalimantan.
    Pay all outstanding fees and taxes: I understand that this has been done.
    The officials just treat this as a day job that is only important in that it continues their employment. They have no consideration for their citizens or companies investing. (sounds like the Greens) So there is no urgency in what they do. They will from time to time come up with questions, like how big is that drainage pond and what daily and monthly rainfall has been used in calculation? So it takes a couple of days to write the question, then a day for cokal to answer and then a couple of days for them to read the answer. There goes another week!!! It is all end on end rubbish.
    I don't know how to get the answer but is Cokal Management could list the outstanding conditions they are dealing with rather then using political phrases like 'essentially complete'. Why can't they publish a list of conditions that were imposed? Just put it on the Web Site.
 
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