This is excellent IMO, just what we needed to know.But as SJ...

This is excellent IMO, just what we needed to know.

But as SJ clearly notes, plenty more positives to come:

Cokal Limited (Cokal) (ASX: CKA) provides the following clarification regarding additional
contracted coal sales referred to in ASX announcements dated 3 April 2024 and 27
February 2024.
Cokal stated in these announcements that it has entered into a contract for the sale of
metallurgical coal. Cokal is now pleased to update the market with the below additional
details regarding the contract:
- Buyer: PT Risun Wei Shan Indonesia (“Risun”)
Risun is one of the largest suppliers of coke in the world and owns and operates
one of largest coke plants in Morowali, Indonesia, with an annual consumption of
~3.0+ million tonnes of metallurgical coal. Risun is anticipated to be a long-term
domestic customer for BBM’s coking coal product, and therefore the contract
represents an important milestone for Cokal.
- Product and pricing: Contract is for the sale of BBM Coking Coal, sold at a price
referenced to the CIF Taboneo Anchorage index price, adjusted for coal quality
and product specifications.
- Quantity: 7,500 tonnes (+/-10% at Cokal’s option).
- Shipping Terms: FOB Mother Vessel (“MV”) at Taboneo Anchorage, South
Kalimantan.
- Payment Terms: Payment to be made to Cokal via TT, within 7 days post loading
MV, and upon completion of required standard documentation including Certificate
of Analysis and Certificate of Weight.
ENDS