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11.0¢ cokal limited

basic business fundamentals missed by the one dripping in...

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SovereignRisk

113 Posts.

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22/03/24

17:43

Post #: 73018686
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Originally posted by ShareJagger: ↑

Having met with Karan on multiple occasions I can assure you that he is reluctant to part with dollars or cents (sorry Karan if you read this) He is the original scrooge. Every penny counts. Before and after AGM I pushed to lease our own barges and move 100% of our product to Buntok. As I have said here many times, every gram of product needs to be at Buntok.
It was always too expensive as Indonesian coal production ramped up from 500 Mt/A to 669 Mt/A 2023 and all barges were at a premium. As well, in using a 3rd party ISP at Buntok, it is not usually just a matter of paying US$1 to unload, $1 to load, you have to pay like a rental on the stockpile area you intend to use. In these torrid times of massive increase in Indonesian production, that rental could be very high. Hence importance of our partnership with Petrindo.
So back to Karan and barges, now that Karan has actually leased these barges for 12 months, In My Opinion, the coal will be flowing down the river.

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basic business fundamentals missed by the one dripping in gold.
sometimes you have to spend a dollar to make one
cashflow is king

CKA Price at posting: 9.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 11.0¢		Change 0.005(4.76%)		Mkt cap ! $118.6M

Open	High	Low	Value	Volume
10.0¢	11.0¢	10.0¢	$11.37K	107.9K

Buyers (Bids)

No.	Vol.	Price($)
3	136724	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	538535	8

View Market Depth

No.	Vol.	Price($)
3	136724	0.100
1	100000	0.099
1	5154	0.097
2	57000	0.095
1	30000	0.094

Price($)	Vol.	No.
0.110	538535	8
0.115	609645	9
0.120	412000	6
0.125	300000	2
0.135	347396	2

Last trade - 16.10pm 09/05/2024 (20 minute delay)


Last 11.0¢			Change 0.005 ( 4.76 %)
Open	High		Low	Volume
10.5¢	11.0¢		10.5¢	53332
Last updated 15.59pm 09/05/2024 ?

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