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10.6%

9.4¢ cokal limited

Good work SJ

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sirajanm8

265 Posts.

13

24/06/24

11:42

Post #: 74456847
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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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Good work SJ

CKA Price at posting: 9.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.4¢		Change 0.009(10.6%)		Mkt cap ! $101.4M

Open	High	Low	Value	Volume
8.9¢	9.8¢	8.8¢	$131.3K	1.427M

Buyers (Bids)

No.	Vol.	Price($)
3	277364	9.0¢

Sellers (Offers)

Price($)	Vol.	No.
9.4¢	396	1

View Market Depth

No.	Vol.	Price($)
3	277364	0.090
1	70000	0.088
2	35000	0.086
2	366489	0.085
2	41904	0.084

Price($)	Vol.	No.
0.094	396	1
0.098	41116	1
0.100	20000	2
0.105	148250	2
0.110	254746	3

Last trade - 16.10pm 01/08/2024 (20 minute delay)

CKA (ASX) Chart