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7.7¢ cokal limited

wonder if an opportunistic takeover bid at 20c might come...

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Rendawg87

1,227 Posts.

306

22/05/23

12:13

Post #: 67895350
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Originally posted by Cabe: ↑

It may be likely, but I don't believe 'everyone' sees it as "inevitable" that we (current share holders) will benefit from the mine at all, at least there is still significant doubt in some minds IMO.

I certainly believe the coal will be sold, huge money will be made, but I also have a very healthy scepticism (and personal experience) of business in Indonesia, especially when locals are dealing with foreign companies.

History up there is littered with companies that have set up and built solid businesses only to be ripped off, or even destroyed by local partners and others. Lies are common, it truly is a dog eat dog environment to do business.

As I have said before, all the wishing and hoping that it is just taking more time etc. may well be 100% correct, but to disregard the risk that builds everyday that sales do not commence, is foolhardy IMO.

Fingers crossed I am wrong and we all share in the prize here.

Cheers and GLTA

Cabe

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wonder if an opportunistic takeover bid at 20c might come in.,

significant premium to current share price.

cusp of sales, but lots of doubt.

recent cap raise contributors get a very quick 33% on their money

CKA Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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Last 7.7¢		Change -0.003(3.75%)		Mkt cap ! $83.07M

Open	High	Low	Value	Volume
7.7¢	8.0¢	7.6¢	$31.85K	409.0K

Buyers (Bids)

No.	Vol.	Price($)
2	13279	7.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	238455	1

View Market Depth

No.	Vol.	Price($)
1	4079	0.077
1	12630	0.076
1	100000	0.073
2	267000	0.071
2	147700	0.070

Price($)	Vol.	No.
0.081	120000	1
0.082	100000	1
0.083	25000	1
0.084	394999	2
0.085	102083	2

Last trade - 15.09pm 03/10/2024 (20 minute delay)

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