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1.30% 7.8¢ cokal limited

Ann: Cokal Signs Agreement with Petrosea to Ramp-up Production, page-6

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  1. AJ78
    18 Posts.
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    01/08/24
    10:44
    Post #: 75021766
    It reads positive, but I'm interested in others interpretation:

    So we've established a 4 month working capital facility where if we default they'll just take coal as payment. PT will also use their buying power to get better terms and then they will become the contractor next year.

    The $75k/month is for the working cap facility and support for vendor management but not any mining services?

    We're becoming pretty intertwined with PT Petrindo


    CKA Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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