@ShareJagger
Surely this is shaping up as a T/O candidate
CAKRA were prepared to bid 16c cash when coal was $100/t
Coal now some 40% higher and looks like it could well overshoot further for the next few months
I have fully diluted market cap at 10c pegged at $60-65M. Not a stretch for a bid price given the action in coking prices and where they look headed
Remember when coking coal ran to $300/t ! Only take a few things to keep going our way and coal could easily push to $150-170/t
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