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7.7¢ cokal limited

Ann: Cokal to Develop Underground Coal Production at the BBM Mine, page-387

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52 Posts.

36

06/09/24

07:08

Post #: 75552636
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Originally posted by coeus12345: ↑

this is the mathematics for the loss on underground mining for CKA

I have for their press released checked by two separate corporate lawyers -- one who does work for our firm, and another who works in another big law firm and is a friend. and both their opinion is the same ---

the JV partner miner will take the cost burden of mining the coal out of the ground and dump it to the mine pit.CKA will thereafter have to share the ENTIRE cost burden of moving that coal from the mine pit to Batu Tuhup, then load it to the barge, move the barge down all the way to the river mouth. all the costs associated with this will be borne by BBM/CKA for 100% of the coal volumes.

---

I know you guys don't want to believe and that's fine. go get the document reviewed by corporate lawyers or get Domenic to issue a clarification.

you can give a torch to a blind man but he can still not see the light

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well l have put the torch on it mate. Cokal only pays for the transportation of its 40% of coal. They charge the underground miner for its 60% of transportation. .

accurate clarified and agreed. Separately confirmed. And if you read it right that’s what it says anyway But separately confirmed
by the company.

CKA Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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