CKA 4.88% 7.8¢ cokal limited

Ann: Cokal's BBM Coal Haulage Road Update, page-5

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  1. 1,128 Posts.
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    Mid March is next week in Australia! Suspect it is a week or so later in Central Kalimantan. Anyway, jokes aside the message is positive but history has shown announcements like this have plenty of key dates which we can expect to be missed.

    On the positive a sale next week; big plus if they can bank that as the first delivery of the 600kt offtake over 2years. Hopefully they manage to start to get a few trucks trundling down the road to witness the first barge load full of CKA coal departing Batu Tuhup. That would be a stellar announcement. Might actually get investors interested.

    SJ with your experience in this region, do you think we will get reasonable weather between April and August to finish the road and see decent tonnes hauled to Batu Tuhup?
 
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