attended egm. Impressed by new ceo. Chairman also seems up to speed. This is not going to happen overnight , but I believe this will happen.
Issues . New barges will take approx a year for construct and delivery
River needs 24 areas of dredging
New port and roads need construction
Indonesian beaurocracy will slow things ( forestry , explosive permits)
3 parties keen for deal ( Dutch auction )
Assured 225,000 tonnes / month achievable within a year
If you do your sums , this could have MC of 600- 800 mil towards the end of next year.
Hence I came away from meeting and bought some more
CKA Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
