That idea doesn’t cut it for me..
He would have to flush over $50mill plus of his own money already invested in Cokal down the sink. And then spend another 150-200million to buy an asset with unproven logistics.. That would be anywhere between $200-250million USD to be back at square 1.. Why would he do that, when he technically could’ve bought the whole company outright for $150-$200million 4 years ago..
Also why would he do that when he has many related parties invested in Cokal.. A company in which he and Karan single handedly pulled out of likely administration where it was heading pre their involvement..
Add to that there’s a circa 30% blocking stake that would likely challenge any takeover bid for the company..
Sorry, I just don’t buy that logic..
That idea doesn’t cut it for me..He would have to flush over...
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $118.6M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 11.0¢ | 9.9¢ | $24.65K | 235.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 210 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 424999 | 6 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
0.010 ( 5.00 %) |
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| Open | High | Low | Volume | ||
| 9.9¢ | 10.5¢ | 9.9¢ | 78317 | ||
| Last updated 15.49pm 03/05/2024 ? | |||||
| CKA (ASX) Chart |