CKA 6.02% 7.8¢ cokal limited

Ann: Infrastructure Joint Venture Advances to the Next Stage, page-627

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  1. 4,351 Posts.
    lightbulb Created with Sketch. 1051
    Sentiment here a bit negative. Good signs that we could be getting closer to the lows.

    That volume yesterday pricks my ears and gets my attention.. Time will tell if it's died in the wool CKA supporter one day action, or if its the start of the big move happening.

    I just keep thinking to myself, everything that's happened so far since 2019, Karan and Eddie have followed through on their narrative and gone above and beyond in my view, and many other shareholders feel this way also.

    CKA would in my view no longer be ASX listed without Karan and Eddie's involvement, nor Dom's brokering to introduce them. Prior management had let local mining licenses at the time elapse, caught out engaging in fraudulent activity, and the last guy before Jim Coleman was paying himself somewhere between estimated $400-500k from memory with a low company cash balance.

    Fact 1: Eddie has contributed an amount of money to CKA that would have been double or more the market cap of CKA in 2019 and early 2020 when they first took a position.

    Fact 2: Eddie and Karan have somewhere around 250million shares that they can only get the returns on through a buyer of CKA at much higher prices, and through dividends from profits.

    Regardless of missed timelines and targets, in my view Facts 1 & 2 above give me enough confidence to believe that when this share price turns and pushes higher, it's going to be so fast and furious, it will catch most investors and shareholders well off guard.

    And as usual, I have nothing but praise and appreciation toward Karan, Eddie, Allen, SJ, and Dom for their efforts to make CKA a successful investment.
 
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Last
7.8¢
Change
-0.005(6.02%)
Mkt cap ! $84.15M
Open High Low Value Volume
8.4¢ 8.4¢ 7.5¢ $111.1K 1.382M

Buyers (Bids)

No. Vol. Price($)
1 9251 7.8¢
 

Sellers (Offers)

Price($) Vol. No.
7.9¢ 35000 2
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Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
CKA (ASX) Chart
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