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8.0¢ cokal limited

Indonesia bans coal exports in January over domestic supply worries, page-39

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Linibini

338 Posts.

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11/01/22

14:51

Post #: 58779110
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Originally posted by HairyRichard: ↑

Unfortunately not... Karan could not answer when the logs would even arrive so impossible for him to say when the bridge would be done
I'm 99% sure it was a case of 'The bridge will be done in about 30 days after logs arriving'

Anyway. Some new materials were sourced mid-December. I'm not sure if they're using logs still or going for steel now, or another alternative. I assume logs were the easiest or cheapest option, so wouldn't be surprised if the 30 day estimate turns into 45 days with an alternative material.

Either way, I'm sure Karan and Eddie aren't dragging their feet. They have too much riding on this now and every day that's delayed with these elevated coal prices is costing them up to $100k in future dividends and marketing fees.

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Absolutely there is no way these guys are dragging their feet. Too much at stake, as you mention. I have most likely misinterpreted what was said at the AGM. Of course it doesn't help to recall exact details when one hits the pub straight after the meeting...haha.

CKA Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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Last 8.0¢		Change 0.002(2.56%)		Mkt cap ! $83.61M

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