CKA
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2.25% 8.7¢ cokal limited

@accaeric Cakra tried for a T/O when the price of coking coal...

  1. vontrader
    23,919 Posts.
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    08/09/16
    09:58
    Post #: 19013109
    @accaeric

    Cakra tried for a T/O when the price of coking coal was around $100/t and offered 16c cash per share

    With the price some 60% higher now, I expect there are other suitors who would now be running the ruler over Cokal, and more importantly, have the capacity/ability to complete any such bids

    A cash bid around 8-10c is what I am expecting, which would be extremely low ball

    If they are able to source commercial construction finance, then the stock should rerate 10c+
    CKA Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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