CKA
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3.85% 7.5¢ cokal limited

Ann: Batu Tuhup Jetty Update, page-50

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  1. ShareJagger
    12,269 Posts.
    lightbulb Created with Sketch. 1519
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    10/01/24
    14:38
    Post #: 71813528
    So to understand this free carry debt you need to know that Cokal does not own the BBM area resource. PT (means the big company) BBM owns the resource and Cokal owns 60% of BBM.
    So PT BBM owes us in excess of AUD$100 million and growing.
    So BBM has to pay back the debt to Cokal before PT BBM starts to distribute 60/40 to all PT BBM owners.
    Same for PT TBAR but Cokal owns 75% of TBAR.
    https://hotcopper.com.au/data/attachments/5874/5874323-d58e988e281176254895cc0823d19a64.jpg
    CKA Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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