CKA 5.88% 8.0¢ cokal limited

Ann: Cokal Secures 12-month Revenue Stream by Chartering Barges, page-47

  1. 8,509 Posts.
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    Has coal sales for the month of March been achieved as indicated by management earlier or is that yet to occur - it's a little unclear - are funds for March sales in CKA accounts? If yet to, is that dependent on the said barge arrivals/loadings and departures?

    In any event, once a couple of regular barge arrivals/departures occur then perhaps markets will gain a bit more confidence in regular income and sp should respond more positively. Worth remembering that about 2 years ago CKA was trading around 15 cents and yet 2 years on with all development since it is struggling at current levels. Agree that news of regular sales with customers is good news. smile.png
 
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