they haven't come back to the market YET because the debt has been rising steadily.
also the debt provider has been using his leverage to provide capital to squeeze out sweetheart deals to himself in terms of unreasonable royalties.
the dilution is also happening in other different ways. for example 60% of the pit 1 underground has been given away to another company to provide development capital. yes people will argue that "oh this underground mine was years away from development, so it's a bonus blah blah" but dilution is still dilution, also this underground mine will still not come online for next 4-5 years, similar to everything else that Cokal does. the conveyor was supposed to be built by December last year, but no one has even heard about that project for almost a year.
CKA Price at posting:
9.0¢ Sentiment: None Disclosure: Held
