CKA 3.19% 9.1¢ cokal limited

Simply by announcing sales. If every barge loaded at Batu Tuhup...

  1. 1,124 Posts.
    lightbulb Created with Sketch. 269
    Simply by announcing sales.

    If every barge loaded at Batu Tuhup earns $1.4m and they announce 1st one loaded (ie sold!) and second one ready to be loaded within the week, then imo their are a bunch of retail investors who will jump into the market with FOMO sentiment! May not go to 50c but will likely climb rapidly before settling back. Often this is what happens; expect it to happen here and also expect a bit of profit taking by some patient long term holders if it does.

    Of course, there is a degree of wishful thinking on my part here, but certainly could happen in next week! Just wish we had a live feed on activity at Batu Tuhup right now!
 
watchlist Created with Sketch. Add CKA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.