rogerm - i dont fully agree with that .. look at the adani deal with LNC - they have never even mined one ton of coal.
I do believe COK is a takeover target at these prices because the market is currently effectively pricing the company at a little more than 50c a ton JORC .. which is pretty low for a coal company in Australia.
Once COK starts producing higher quantities, the takeover will become much more expensive.
RIO is a miner itself .. so the assets it purchases have to be significantly derisked because they'd probably want to produce and sell straight away .. but COK could be taken over by an end user like an energy company or a steel company .. which could be a strategic move by them to secure their future supply as well as input cost control.
my opinions only - DYOR
- Forums
- ASX - By Stock
- COK
- coal stocks boom except cockatoo
coal stocks boom except cockatoo, page-14
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online