First sale is a milestone which deserved an announcement.
If they were one of the big companies we wouldn’t hear anything more until Dec Qtrly in Jan! likewise, I am not expecting anything for another 5 weeks. In that time they should mine another 12-15kt and shift it to Batu Tuhup and might get a second sale; all in line with their AGM Presentation. If we see that, the loading facility nearing completion and a few million in the bank account, I’ll be ok with that.
Then it will be about seeing a quarter of production and sales with a possible barge or two in March Quarterly to consolidate.
Let’s face it, things move slowly in Indonesia; hopefully coal prices rise just as we are ramping up production and sales!
CKA Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
