COK cockatoo coal limited

Ann: $125M Recapitalisation to fund Baralaba Expansion Project, page-9

  1. 180 Posts.
    So, let me see if I understand this ...

    - Pony up more money, or be diluted to buggery
    - Expect no return for the next 5 years (assuming everything goes according to plan) while the company obtains permits, builds the mine etc.
    - Share in the future spoils - although it is unclear what these might be, since there are no projections in any of the documents

    You know what, if I was still holding, I think I might pass on this 'opportunity'.
 
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