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8.2¢ cokal limited

Ann: Aahana Completes Acquisition of Substantial Position, page-129

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playdough

925 Posts.

374

23/03/19

13:31

Post #: 37861766
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Originally posted by moorookamick: ↑

The bottom line is that Aahana holds the trump cards, IMO:
-Aahana has the money (CKA strapped for cash due to market credibility caused by last year's false start)
-BMA under the thumb of Aahana and will likely end up with Aahana'a mining contract & the remaining Indonesian owners' shares.
(BMA is Indonesian and will not have to divest after 10 years)

IMO, BMA* was acting on behalf of Aahana in confirming the reserves/resources; that's why there has not been an ASX announcement confirming the drilling results because it would add to the SP.

So in summary, IMO, the end game will look like:
(a) Aahana owning CKA (60% BBM , 75% T-Bar etc)
(b) BMA will end up with the rest (ie: 40% BBM, 25% T-bar etc) + mining, barging and marketing contracts.
(hence BMA's silence)

And what about Jim? Jim, IMO, is a "John the Baptist" preparing the way.

* There was no Ann in January that BMA had paid the remaining $500K to CKA although I have seen it referred to elsewhere that CKA received $2 mil from BMA.

Expand

Half Yearly said 2 million but yes - no other announcement

CKA Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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