Lets see what the institutions put on it in the bookbuild. It only needs 0.3 cents for us to get back to 1.4 cent per share value. The geniuses at BMA have just paid $3.7 billion to build the Caval Ridge mine, so I think management at Cockatoo have done an oustanding job to bring down capex and opex. When it gets to full production in 2018, there will be no debt repayments to get in the way of dividends. I am inclined to mortgage my house to come up with my share of the capital.
COK Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held