CKA 3.75% 7.7¢ cokal limited

Ann: Infrastructure Joint Venture Advances to the Next Stage, page-222

  1. 455 Posts.
    lightbulb Created with Sketch. 175
    haha PD -- they have given guidance which is 3 years old. Anyone in their right mind would realise that inflation has gone through the roof in those years and those cost numbers are invalid as they stand today.

    the 6% royalty is a new thing which came last year --- and now seems embedded at the expense of the shareholders.

    Royalty is a top-line item. A revenue linked item. A 6% royalty for EDDIE implies a 30-50% lower profit for shareholders. Whether shareholder makes money or not -- Eddie's bank account is swelling every day.

    If you clear the sand from your eye - and point out where are the 2023 drill results I will be very grateful !!! Thanks in advance !!
 
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