CKA 2.25% 8.7¢ cokal limited

Ann: Funding Update - 3 Transactions being pursued by the Board, page-82

  1. 23,919 Posts.
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    Management are some of the largest holders of the stock, so there is incentive for them to pull their fingers out and take advantage of the 100% rally in coal price

    Likewise with Platinum, they've escrowed all their stock for 2 years yet closed their main fund. Meaning they have to exit by next year to make redemptions

    So between the 2 and related parties, that is at least 40-50%+ of the register

    It's public knowledge that management have always wanted to seek a buy out rather than go into production, as it's been repeated by many holders

    So naturally, both directors and Platinum should be supporting this and shopping it around for a bid
 
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