CKA 1.11% 9.1¢ cokal limited

This production Gig is all too hard LOL so lets just sell the...

  1. 11,818 Posts.
    lightbulb Created with Sketch. 1440
    This production Gig is all too hard LOL so lets just sell the farm!
    BBM Reserves 24 million tonnes x US$5 = US$120
    BBM Resources (nit converted to Reserves: 200 million tonnes x US$2 = US$400
    Road as strategic asset US$25 million
    Batu Tuhup as Strategic Asset (invaluable to Petrindo) US$ 30 Million
    Various Barges, trucks etc US$5 million.
    TOTAL BBM: US$580
    BBM owes Eddie US$22 million.
    So lets say Residual Price US$540 million.
    BBM 40% holders: US$216 (nice pick up for doing nothing)
    BBM Cokal 60% US$324
    BBM owes us US$40 million
    So total to Cokal: US$ 364
    While fantasizing Toss in another US$56 million for our 75% of TBAR and BPP.
    TOTAL: US$ 420 Million
    Total AUD$ 646 Million
    Per Cokal Share: 60 cents.
    So as you all know I do not really propose selling the assets AND this is full of assumptions and generalities and suspect logic.
    However does it suggest that we have an asset valued at 10 cents a share?
    ALL IN MY OPINION DYOR

 
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