CKA 0.00% 8.1¢ cokal limited

Ann: Infrastructure Joint Venture Advances to the Next Stage, page-536

  1. 8,472 Posts.
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    Buyers are getting it cheaper but why are sellers offloading against a backdrop of a company that is on it's feet and making progress? Recent trend has been down but at some point shouldn't there be a reversal - a couple of positive announcements should get it there.

    Coal is still very much in demand and whilst prices eased, the forecast is for modest gains over the next 12 months. With CKA ramping up, sales thus revenue should increase. Doubt sp will be at these dismal levels in 12 months time. But of course a lot can happen to negate such expectations. It is reported that China is cutting back in coal usage but not the US, where demand has increased. Forecasts may not be reliable and often shift. No bot or anyone else is getting mine for these prices. AIMO
 
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