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2.33%

8.8¢ cokal limited

Ann: Entitlement Offer - Shortfall Notice, page-105

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BaulklikeGresh

4,211 Posts.

1007

25/07/19

13:51

Post #: 39690084
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Originally posted by Cattery: ↑

I have no doubt that the end game by all involved is to manufacture a takeover. In my opinion Aahana will not be the acquirer - if it really wanted to own CKA it could have done so easily by now and at not much more than current prices notwithstanding the shareholdings of Dom, Hanna etc. Unless Dom et. al can exert financial control, CKA will remain at the mercy of its largest shareholder - does anyone really know its motives? There is always the danger than if Dom and others play hard ball, Aahana could just financially starve CKA into submission - the coal is going nowhere. But, time is ticking on the 15year Port Construction and Operation Approval Permit issued in February 2015 which provides for a 5 year construction window (Feb. 2020!) and a 10 year Operational window - the shorter the construction period the longer the Operational period. Has it done enough so far to meet the construction requirements of the permit? Is this the real reason for the current capital raise? Is there any real intention to commence mining? Who really knows?

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If you believe the company like, you’d be laughing now and soaking up as much as you can at these prices.

If you don’t, then the outcome is still similarly spectacular.

We can only dream SJ

CKA Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.8¢		Change 0.002(2.33%)		Mkt cap ! $94.94M

Open	High	Low	Value	Volume
8.7¢	9.3¢	8.5¢	$84.49K	939.6K

Buyers (Bids)

No.	Vol.	Price($)
1	577	8.9¢

Sellers (Offers)

Price($)	Vol.	No.
9.3¢	28742	1

View Market Depth

No.	Vol.	Price($)
1	577	0.089
2	39213	0.088
1	45108	0.085
1	10000	0.080
1	3752	0.077

Price($)	Vol.	No.
0.093	28742	1
0.094	100000	1
0.095	262281	4
0.097	126000	2
0.098	20000	1

Last trade - 15.59pm 29/08/2024 (20 minute delay)

CKA (ASX) Chart