Australia's largest stock trading and investment forum Australia's #1 stock forum

CKA

Click for more information

1.15%

8.6¢ cokal limited

Ann: Entitlement Offer - Shortfall Notice, page-105

First 105 Last

Share
Profile

Follow
BaulklikeGresh

4,141 Posts.

999

25/07/19

13:51

Post #: 39690084
Share

Originally posted by Cattery: ↑

I have no doubt that the end game by all involved is to manufacture a takeover. In my opinion Aahana will not be the acquirer - if it really wanted to own CKA it could have done so easily by now and at not much more than current prices notwithstanding the shareholdings of Dom, Hanna etc. Unless Dom et. al can exert financial control, CKA will remain at the mercy of its largest shareholder - does anyone really know its motives? There is always the danger than if Dom and others play hard ball, Aahana could just financially starve CKA into submission - the coal is going nowhere. But, time is ticking on the 15year Port Construction and Operation Approval Permit issued in February 2015 which provides for a 5 year construction window (Feb. 2020!) and a 10 year Operational window - the shorter the construction period the longer the Operational period. Has it done enough so far to meet the construction requirements of the permit? Is this the real reason for the current capital raise? Is there any real intention to commence mining? Who really knows?

Expand

If you believe the company like, you’d be laughing now and soaking up as much as you can at these prices.

If you don’t, then the outcome is still similarly spectacular.

We can only dream SJ

CKA Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

There are more pages in this discussion • 80 more messages in this thread...

First 105 Last

Add CKA (ASX) to my watchlist

(20min delay)
Last 8.6¢		Change -0.001(1.15%)		Mkt cap ! $92.78M

Open	High	Low	Value	Volume
8.7¢	8.7¢	8.5¢	$94.00K	1.094M

Buyers (Bids)

No.	Vol.	Price($)
1	44837	8.5¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	42908	1

View Market Depth

No.	Vol.	Price($)
1	44837	0.085
1	12048	0.083
2	36585	0.082
1	12500	0.080
1	50000	0.077

Price($)	Vol.	No.
0.087	42908	1
0.091	32509	1
0.092	108000	1
0.093	524698	1
0.095	1085	1

Last trade - 16.10pm 25/07/2024 (20 minute delay)

CKA (ASX) Chart