CKA

4.00%

7.2¢ cokal limited

so how many did you buy and what price?

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Ckeenan

768 Posts.

102

26/03/24

20:30

Post #: 73071200
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Originally posted by coeus12345: ↑

A thing about activism is that -- you have to be loud and noisy to make your voice hear to some company management. I have heard personally from a few people here who told me - it seems the management took my comments seriously and decided to act. Whatever the truth behind that, atleast the management has done what they should have done 18 months back -- lease barges, if they cant buy, instead of endlessly waiting for the customer to come with their barges and pick up coal.

Positive news flow (I bought some) -- but company no where close to out of the woods yet. Still lots of issues to resolve and cash flow bridge to solidify before things turn around. In 2-3 months, river runs dry for barges to come to Batu Tuhup.

2 barges running 2 loads a month = 15,000 tonnes a months.
Do that over 3-4 months before barging stops = 50-60k tonnes of coal.
At $40/t pre-tax margin (remember early coal costs will be very very high, inefficient coal transport, high OBR, inefficient barging, higher loading/unloading costs etct ect) = ~US$2 million in next cash inflow. Nice to have cash flow, but not nearly enough to complete the conveyor, road etc.

IF barging stops between June - November (which most likely it will) then the stock will continue to be around 10cents.

So back to saying -- good updates on getting the barges leased and first coal on its way out. Lots lots more to do.

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so how many did you buy and what price?

CKA Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.2¢		Change -0.003(4.00%)		Mkt cap ! $77.68M

Open	High	Low	Value	Volume
7.3¢	7.7¢	7.2¢	$35.05K	477.1K

Buyers (Bids)

No.	Vol.	Price($)
1	69401	7.2¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	36842	1

View Market Depth

No.	Vol.	Price($)
1	69401	0.072
1	250000	0.071
1	5000	0.070
1	25000	0.069
2	42000	0.066

Price($)	Vol.	No.
0.076	36842	1
0.080	57500	2
0.083	100000	1
0.085	2083	1
0.087	14207	1

Last trade - 16.10pm 20/09/2024 (20 minute delay)

CKA (ASX) Chart

so how many did you buy and what price?

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so how many did you buy and what price?

Top Stories

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Catalina Resources kicks off aircore drilling at Laverton project on the hunt for gold, REEs

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Buyers (Bids)

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