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9.33%

8.2¢ cokal limited

Ann: Fully Underwritten Non-Renounceable Entitlement Offer, page-105

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BaulklikeGresh

4,361 Posts.

1051

20/06/19

21:30

Post #: 39163000
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Originally posted by bigben101: ↑

It sounds like we have been had and I now think Ahana want to take over cka at the cheapest possible price.

1. They will probably push it below 5 cents so no one exercises their options.

2. They will prepare to mine as little as possible to prove it can be done.

3. I will now be very surprised if Ahana assists in getting any funding for the BBM project and with over 20% of shares and close to 50% in its control can probably veto any sort of external financing.

Once they have used the barges a few times they will probably put an offer in around 15-20 cents.

DM should have made the purchase of shares by Ahana off platinum conditional on project financing.

By the looks of it Ahana has outsmarted DM and cokal every step of the way. No wonder he's a billionaire.

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My doomsday prediction is that Aahana indeed screw us into a 15c TO paying $100 mill for remaining shares, then mine the crap out of it, and flip it off for a $billion to another large company.

CKA Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.2¢		Change 0.007(9.33%)		Mkt cap ! $88.47M

Open	High	Low	Value	Volume
7.9¢	8.2¢	7.9¢	$11.99K	149.4K

Buyers (Bids)

No.	Vol.	Price($)
1	13450	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
8.2¢	254179	3

View Market Depth

No.	Vol.	Price($)
1	13450	0.075
1	20000	0.074
2	105000	0.072
1	98956	0.070
1	14720	0.068

Price($)	Vol.	No.
0.082	254179	3
0.085	174410	1
0.086	10348	1
0.089	40750	1
0.090	237543	3

Last trade - 16.10pm 07/11/2024 (20 minute delay)

CKA (ASX) Chart