CKA 1.23% 8.2¢ cokal limited

Ann: Cokal to Develop Underground Coal Production at the BBM Mine, page-165

  1. 454 Posts.
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    maybe you don't read comments well, I mean I know most people don't even read the company releases very well either.

    I had clearly mentioned in my comments that CKA's own guidance of ash content is between 3-7%, which you also just confirmed.

    every 1% increase in ash content decreases coal price by about 3% (all else equal), and CKA has confirmed in its latest quarterly that the ash content is higher than expected (guided) which is driving a significant discount to the realised price.

    a 3% variation would be an almost 10% discount.
 
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