Ann: Cokal Acquires Fleet of Barges & Tugboats for Coal Transport, page-17

another own goal - what should be a good announcement soured by ineptitude:

- how many barges bought?
- stage 1 is $1.5m, how many stages are there?
- when will they be onsite and hauling coal?

And the real sceptic in me notes the announcement goes to pains to verify that the barges are 100% owned by CKA who will benefit from the profits generated from them. they've gone to such effort to point this out that I'd like to know:

- who are the barges being bought from?
- how have CKA ensured they are paying a fair market price?
- do any associated parties (Dom, Eddie, Bayan, friends) benefit from the purchase (commission, baksheesh, broking fee, etc)

Trust is in short supply...this looks like a positive step forward, but a clearer announcement coupled with "...CKA remains on track to produce and sell 100k tonnes in 2022..." would have made this better.