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12.9%

9.6¢ cokal limited

Market thinks so or the SP wouldn't be sitting where it is.SJ...

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24/06/24

11:31

Post #: 74456523
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Originally posted by ShareJagger: ↑

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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Market thinks so or the SP wouldn't be sitting where it is.

SJ Have we obtained the extra barges yet. Lost track of that release.

Last edited by home1: 24/06/24

CKA Price at posting: 9.6¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 9.6¢		Change 0.011(12.9%)		Mkt cap ! $100.3M

Open	High	Low	Value	Volume
8.9¢	9.8¢	8.8¢	$84.52K	925.4K

Buyers (Bids)

No.	Vol.	Price($)
1	5000	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.7¢	19361	1

View Market Depth

No.	Vol.	Price($)
1	5000	0.096
2	83949	0.095
1	50000	0.094
1	50000	0.092
2	150000	0.091

Price($)	Vol.	No.
0.097	19361	1
0.098	41116	1
0.100	145000	4
0.105	170750	3
0.110	254746	3

Last trade - 12.10pm 01/08/2024 (20 minute delay)

CKA (ASX) Chart